- What is the definition of Responsibility Accounting?
- What do you mean by the concept of responsibility accounting of an organization?
- Mention the pre-requisites of efficient responsibility accounting
- Describe the objectives of Responsibility Accounting?
- Specify the advantages of responsibility accounting.
- What are the principles of Responsibility Accounting?
- What do you mean by responsibility centres of an organization?
- What are the types of these responsibility centres?
- Describe the roles of managers in these responsibility centres.
- What is a cost or expense centre?
- What do you mean by the revenue centre?
- Describe the role of profit centre.
- What is the investment centre of an organization?
- What do you mean by transfer price?
Links of Previous Main Topic:-
- Activity based costing introduction concept and classification
- Introduction inventory pricing and valuation
- Standard costing introduction
- Management accounting
- Marginal costing
- Relevant cost for decision making
- Budget and budgetary control
- Limitations of historical accounting
- Introduction to responsibility accounting
Links of Next Finance Topics:-