Question and answer
What conditions are necessary for responsibility accounting to be used effectively?
Responsibility accounting is an underlying concept of accounting performance measurement systems. [ The basic idea is that large diversified organizations are difficult, if not impossible to manage as a single segment, thus they must be decentralized or separated into manageable parts. These parts, or segments are referred to as responsibility centers that include: 1) revenue centers, 2) cost
centers, 3) profit centers and 4) investment centers. This approach allows responsibility to be assigned to the segment managers that have the greatest amount of influence over the key elements to be managed. These elements include revenue for a revenue center (a segment that mainly generates revenue with relatively little costs), costs for a cost center (a segment that generates costs, but no revenue), a measure of profitability for a profit center (a segment that generates both revenue and costs) and return on investment (ROI) for an investment center (a segment such as a division of a company where the manager controls the acquisition and utilization of assets, as well as revenue and costs). ............ ]
Expert answered|sujaysen|Points 5452|
Question
Asked 12/19/2013 9:47:29 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Compute the ROI for each division below to two decimal places.
Weegy: Please complete your question. User: "Required: Compute the ROI for each division below to two decimal places. (30 points) Which division has the best performance? (10 points)" (40 points total) Division A Division B Division C Operating income 245,000 125,000 350,000 Operating assets 1,200,000 775,000 1,500,000 (More)
Question
Expert Answered
Asked 12/15/2013 11:22:43 AM
0 Answers/Comments
What is the definition of ROI
Weegy: ROI means Return on Investment. ROI is a performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. (More)
Question
Expert Answered
Updated 12/15/2013 12:15:46 PM
1 Answer/Comment
the answer is correct
Added 12/15/2013 12:15:46 PM
What is the definition of a budget in accounting?
Weegy: A budget is a financial document used to project future income and expenses. (More)
Question
Expert Answered
Asked 12/15/2013 1:28:58 PM
0 Answers/Comments
what is the definition of Responsibility Accounting?
Weegy: Responsibility accounting is a system that relates the financial results to a responsibility center, which provides access to cost and revenue information under the supervision of a manager having a direct responsibility for its performance. [ It is a system that measures the plans (by budgets) and actions (by actual results) of each responsibility center. ] (More)
Question
Expert Answered
Asked 12/16/2013 12:16:55 PM
0 Answers/Comments
What conditions are necessary for responsibility accounting to be used effectively?
Weegy: Responsibility accounting is an underlying concept of accounting performance measurement systems. [ The basic idea is that large diversified organizations are difficult, if not impossible to manage as a single segment, thus they must be decentralized or separated into manageable parts. ] (More)
Question
Expert Answered
Asked 12/16/2013 12:23:11 PM
0 Answers/Comments
21,938,845 questions answered
Popular Conversations
The Dietary Guidelines for Americans include all of the following ...
Weegy: D. do not drink alcoho User: What components of a food label can help consumers compare the amounts of ...
8/29/2015 2:28:18 AM| 2 Answers
Which of these religions is ...
8/29/2015 5:14:54 AM| 1 Answers
Who was at the top of the caste ...
8/29/2015 5:35:57 AM| 1 Answers
Adam Green is an orderly in the Midwest Nursing Home. His supervisor, ...
Weegy: Weegy PRO would be appropriate for this question.
8/29/2015 1:16:56 AM| 0 Answers
Weegy Stuff
S
P
C
L
P
L
1
P
P
1
P
1
P
L
P
R
Points 1204 [Total 11557]| Ratings 7| Comments 1134| Invitations 0|Offline
S
L
Points 767 [Total 1082]| Ratings 1| Comments 757| Invitations 0|Offline
S
1
L
L
Points 715 [Total 9183]| Ratings 3| Comments 675| Invitations 1|Online
S
L
L
P
1
Points 703 [Total 9276]| Ratings 2| Comments 683| Invitations 0|Offline
S
Points 491 [Total 717]| Ratings 1| Comments 481| Invitations 0|Online
S
Points 242 [Total 250]| Ratings 0| Comments 242| Invitations 0|Offline
S
Points 224 [Total 224]| Ratings 3| Comments 194| Invitations 0|Offline
S
Points 214 [Total 533]| Ratings 1| Comments 204| Invitations 0|Offline
S
Points 177 [Total 254]| Ratings 0| Comments 177| Invitations 0|Offline
S
Points 138 [Total 169]| Ratings 0| Comments 138| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.