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Topical Terminology > Responsibility Accounting



1 Definition

Responsibility Accounting

For Responsibility Accounting we have a term and definition in Accounting.



Responsibility Accounting (Accounting)

is the collectionsummarizationand reporting of financial information about various decision centers throughout an organization; can also be called profitability accounting or activity accounting. It tracks costsrevenuesor profits to the individual managers who are responsible for making the decisions about costsrevenuesor profits and taking action about them.




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