Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Join our Q&A platform to connect with experts dedicated to providing precise answers to your questions in different areas. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.
Sagot :
The concepts and tools used to measure the performance of people and departments are known as responsibility accounting
Responsibility accounting is a form of management accounting that scrutinizes all the budgetary, managerial, and internal accounts of a company. The aim is to streamline the planning, budgeting, and accountability mechanisms of the company.
It gauges the performance of all employees and departments of the organization. Reports are prepared on a monthly or annual basis.
Responsibility accounting has several advantages. One is that it enforces transparency and accountability in the organization. It allows a robust review and audit process to identify bottlenecks and areas for improvement.
To learn more about responsibility accounting: brainly.com/question/22779164
#SPJ4
Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.
