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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.


A report that specifies the expected and actual costs under the control of a manager is a?

Responsibility Accounting Report


A basic idea underlying is that a manager should be held responsible only for those items that the manager can actually control to a significant extent?

responsibility accounting


What are the responsibility of an accountant?

Prepare profit and loss statements and monthly closing and cost accounting reports.Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.4. Other duties as assigned


What are the social responsibility of an accountant?

Prepare profit and loss statements and monthly closing and cost accounting reports.Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.4. Other duties as assigned


What has the author Jerold L Zimmerman written?

Jerold L. Zimmerman has written: 'Accounting for decision making and control' -- subject(s): Managerial accounting, Management, Decision making, Accounting 'Accounting for decision making and control' -- subject(s): Managerial accounting


What must be in place before you create an accounting validation control?

An accounting code structure.


What must be in place brfore you create an accounting validation control?

An accounting code structure


Managerial accounting is what type of accounting?

Managerial accounting is a type of accounting which is concerned with providing information to managers that is, people inside an organization who direct and control its operation.


What has the author Robert Newton Anthony written?

Robert Newton Anthony has written: 'Essentials in Accounting' 'Instructor's manual to accompany Management control systems' 'Rethinking the rules of financial accounting' -- subject(s): Accounting, Financial statements 'Fundamentals of management accounting' -- subject(s): Cost accounting, Managerial accounting, Accounting 'Management control systems and corporate finace MBA 521' 'Management control in nonprofit organizations' -- subject(s): Nonprofit organizations, Accounting, Managerial accounting 'Shoe machinery: buy or lease?' -- subject(s): Boots and shoes, Trade and manufacture 'Management accounting principles' -- subject(s): Managerial accounting, Cost accounting 'Accounting principles' -- subject(s): Accounting, Managerial accounting 'A reference guide to essentials of accounting' -- subject(s): Accounting


What are the objectives of material control in cost accounting?

== ==


What are the function of the government in accounting?

to control the money

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