November 20, 2009 
This entry was posted on Friday, November 20th, 2009 at 10:53 pm and is filed under Accounting, Small Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
The accounting responsibility is a very strict one. There is no grey area no little mistakes and no room for error. To take on the role as a manager in the accounting department you not only have to train those in your department but you must also take responsibility for what they do. This is called responsibility accounting or profitability accounting.
In order for an effective responsibility accounting system their must be a well defined organizational structure. The management responsibility and authority must be clearly defined. The responsibility accounting reports can only have things that are controllable the manager. With this in place the business accounting can run smoothly, efficiently and profitable.