A responsibility accounting/reporting system includes the following:
A) upward reporting of information
B) aggregation of data as it flows upward
C) appropriate information detail for each decision maker
D) All of the above

Question

Quizplus · Accepted Answer

A responsibility accounting/reporting system should include all of these elements. Firstly, information should flow upward from lower level employees to higher level decision makers. Secondly, data should be aggregated as it flows upward so that higher level managers have a holistic view of overall performance. Lastly, each decision maker should have access to appropriate levels of detail in order to make informed decisions.

A Responsibility Accounting/reporting System Includes the Following