Responsibility Accounting

What is Responsibility Accounting?

Responsibility Accounting meaning in finance terminology / glossary / dictionary is:

The classification, management, maintenance, review, and appraisal of accounts serving the purpose of providing information on the quality, quantity, and standards of performance attained by persons to whom authority has been assigned.

 

reference: Glossary of Hospital Financial Terms Washington State Department of Health Accounting and Reporting Manual for Hospitals

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