responsibility accounting

responsibility accounting
A system of *management accounting in which individual managers are held *accountable for operational and financial performance. See also *accountability

Auditor's dictionary. 2014.

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  • accounting — /euh kown ting/, n. 1. the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc.… …   Universalium

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