Responsibility accounting focuses on information and knowledge, not control.

Name: Responsibility accounting focuses on information and knowledge, not control.
Brand: Quizplus
Rating: 4.9 (62 reviews)

Question

Quizplus · Accepted Answer

Responsibility accounting is a management control system that assigns responsibility for costs and revenues to individuals and departments within an organization. Its primary goal is to provide information and knowledge to managers so they can make informed decisions, rather than controlling their actions.

Responsibility Accounting Focuses on Information and Knowledge, Not Control