The responsibility accounting stresses on _________
Answers
Answered by
0
Answer:
The term responsibility accounting refers to an accounting system that collects, summarizes, and reports accounting data relating to the responsibilities of individual managers.
Answered by
0
Answer:
The responsibility accounting stresses on _Decentralization___
Explanation:
Meaning and advantage of Decentralization_
- A managerial accounting technique is decentralized accounting. It is predicated on the notion that various individuals are granted the power to make financial decisions. When the frequency and complexity of financial operations rise, this style of accounting is prevalent in larger firms.
- Decentralization has benefits, such as better, quicker choices and more motivation. There is less management firefighting, or day-to-day problem addressing because it also lessens the pressure on top management. Additionally, diversity and the advancement of younger management are facilitated.
- Conflicts are lessened when the federal government, the states, and local governments share authority.
- Many difficulties and problems may be resolved most effectively at the local level.
- Local issues are better understood by the general populace.
- better secures the rights of the local community to have a voice in government, builds an effective and dependable administration, intensifies and enhances local development, and better protects minorities.
The Features of Decentralization:
- giving lower management a power transfer.
- quicker reaction time.
- decision-making with speed.
- creation of distinct departments.
- Engagement and growth of employees.
Similar questions