RESPONSIBILITY ACCOUNTING

INTRODUCTION
Responsibility accounting is the third type of management accounting information.  It is called by that name because the accounting information is structured according to organization units, which are responsibility centers.  Responsibility accounting collects and reports information that is used in an important management function and management control.
RESPONSIBILITY ACCOUNTING DEFINITION An information system designed to a measure the performance of that segment of a business for such a given manager is responsible is often referred to as “responsibility accounting system”.
A responsibility accounting system should reflect the plans and performance of each organization.  It is designed to provide timely information for decision making and for the evaluation of performance.  In addition to being timely such information should highlight deviations of actual performance from planned performance so that appropriate corrective action can be taken.  All items of expense are the responsibility of an individual and should be charged to that  TABLE OF CONTENT
TITLE PAGEiAPPROVAL PAGEiiPREFACEiiiDEDICATIONivACKNOWLEDGEMENTvTABLE OF CONTENTvi
CHAPTER ONE1.1Introduction1.2Responsibility accounting1.3Responsibility center1.4Types of responsibility centers1.5Expense center1.6Profit center1.7Investment center
CHAPTER TWO2.1Management control process2.2Steps in management control2.3Type of budget2.4The cash budget2.5Uses of budget2.6Budget preparation2.7Reporting and analysis
CHAPTER THREE3.1Control reports and their uses3.2Information reports3.3Performance reports3.4Technical criteria for report3.5SummaryBIBLIOGRAPHY