Explain the meaning of responsibility accounting.
【参考答案及解析】
In responsibility accounting, a specific manager is given the responsibility for a particular aspect of the budget, and within the budgetary control system, he or she is often made accountable for actual performance. Managers are therefore made accountable for their area of responsibility. Responsibility accounting is based on the application of the controllability principle: a manager should be made responsible and accountable only for the costs and revenues that he or she is in a position to control.
In responsibility accounting, a specific manager is given the responsibility for a particular aspect of the budget, and within the budgetary control system, he or she is often made accountable for actual performance. Managers are therefore made accountable for their area of responsibility. Responsibility accounting is based on the application of the controllability principle: a manager should be made responsible and accountable only for the costs and revenues that he or she is in a position to control.