Responsibility accounting focuses only on control,not on information and knowledge.

Name: Responsibility accounting focuses only on control,not on information and knowledge.
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

Responsibility accounting not only focuses on control, but also on providing information and knowledge to managers regarding the performance of their divisions, departments, or teams. It involves measuring and reporting financial and non-financial data to generate insights for effective decision-making.

Responsibility Accounting Focuses Only on Control,not on Information and Knowledge