ch 12 responsibility accounting

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6 Terms

1
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responsibility centers

subunit whose manager is responsible for specific financial results

2
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responsibility accounting

measures performance of subunits to ensure people’s goals align with the organization’s goals (goal congruence)

3
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types of responsibility centers

cost, revenue, profit, investment

4
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investment center is responsible for

profit and return on capital invested

5
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segmented reporting

prep accounting records by segment and for the whole organization

6
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performance reports

helps managers do management by exception, use info from segmented income st for “actual”