answersLogoWhite

0

Responsible accounting ensures that the business is accurately reporting their financial position. This supports congruence because they are transparent in their business dealings.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

Why responsibility accounting is a fundamental part of the Management Accounting Control System MACS?

Responsibility accounting helps in the management accounting and the managerial control of a business. It fixes the responsibility of the individual performance and the operation results so that it is not a vague concept.


What is an example of a responsibility report generated by an accounting information system?

Responsibility reports --such as a weekly sales report for a regional sales manager


What does it mean to manage the accounting system?

To manage an accounting system. The system that manages the accounting. Accounting is: The action or process of keeping financial accounts


System of Accounting?

what is accounting system and what thier types?


Differentiate cost accounting system from financial accounting system?

Q.5 Differentiate Financial Accounting and Management accounting


Who is responsible in designing the accounting system?

designing of accounting system


What is on-line accounting system?

cloud based accounting information system


Where you can download article for Accounting Information System?

accounting information system?


Notes for hospitality guest accounting?

what is guest accounting system? write characteristics of it what is guest accounting system? write characteristics of it


What is accounting system and what their types?

An accounting system is a program or a system that is used in management and processing of accounts. Some of the types of accounting systems include management accounting, cost accounting, manual systems, double entry and so many others.


What is the Difference between integrated and interlocking accounting system?

Integrated system is one which combines the cost accounting and financial accounting functions in one system of ledger accounts while an interlocking system has a cost ledger for the cost accounting function and a financial ledger for the financial accounting function.


What is self accounting system?

use of manual accounting

Trending Questions
How are cost accounting systems used to determine the cost of a product or service? How do you check to see if a check drawn upon your bank is legitimate? Which barclays has sort code 204842? Indicate the weaknesses in internal accounting control in the handling of collections? How can someone make merchant accounts with credit cards? How does someone in prison file taxes? What is the minimum acceptable transfer price for a division with no excess capacity where the variable cost per unit is 9 fixed cost per unit is 11 selling price per unit is 25 bought at 22? What does xxxx mean European style? What can happen if the check cashed had no funds in the account? Who must establish internal controls based on documented risk assessment? Should you deduct resale value of an asset when calculating straight line depreciation? What happens to net personal income when the government raises taxes? Are Examples of fiscal irregularity are physical loss of cash vouchers negotiable instruments and-or supporting documents.? What is the employer Penalty for not sending 1099? When peoples going to receive their stimulas check for 2010? When they take money out of your check for taxes what is medi tax? Does it hurt your credit if a credit card company closes your acouunt because you aren't using the credit card? What is an example of an estimated liability? Which part of the Standard toolbar from the SAP Easy Access screen allows you to open a transaction by typing the transaction code and then pressing Enter? Can a lawyer garnish a checking account?