Question: Why does decentralization create the need for responsibility accounting in an organization?

Why does decentralization create the need for responsibility accounting in an organization?

Step by Step Solution

★★★★★

3.52 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To conclude we can say that when managers are given dec... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1083-B-M-A-C-V-P(2470).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Q:

1. Explain how centralized and decentralized companies dif-fer. What are the advantages and disadvantages of each! 2. Why does decentralization create the need for responsibil-ity accounting in an...

Q:

Develop brief answers to each of the following questions: 1. Why does a decrease in receivable turnover create the need for cash from operating activities? 2. Why would ratios that include one...

Q:

Why does a decrease in receivables turnover create the need for cash from operating activities?

Q:

Write substantive post in response to one of the Chapter 10 Practice Questions on page 468 of the ebook/textbook.Be sure to write which each Chapter 10 Questions responding at. Pape 468 PRACTICE...

Q:

Write substantive post in response to one of the Chapter 10 Practice Questions on page 468 of the ebook/textbook.Be sure to write which each Chapter 10 Questions responding at. Pape 468 PRACTICE...

Q:

2. How does decentralization create the need for responsibility accounting in an organization?

Q:

The delegation of decision-making authority throughout an organization is called Blank______. Multiple choice question. centralization decentralization a management control system responsibility...

Q:

Which of the following statements is incorrect regarding responsibility accounting? Multiple choice question. Responsibility accounting links lower-level managers' decisions with the outcomes of...

Q:

Which of the following statements is incorrect regarding responsibility accounting? Responsibility accounting holds managers accountable for the revenues and expenses over which they have control....

Q:

Describe the master budget and explain its benefits. What are the three things that budgets help managers accomplish? Define and discuss the purpose of business strategy. Purpose? Time frame? How can...

Q:

For the standard normal distribution shown on the right, find the probability of z occurring in the indicated region. Click here to view page 1 of the standard normal table. Click here to view page 2...

Q:

Los Lobos Corp. uses the direct method to prepare its statement of cash flows. Los Loboss trial balances at December 31, 2008 and 2007, are as follows. Additional information: 1. Los Lobos purchased...

Q:

will earn the YTM on a bond if you hold the bond until maturity and if interest rates don't change. If you actually sell the bond fore it matures, your realized return is known as the holding period...

Q:

Can the quality of jobs in the construction industry be changed? If so, how?

Q:

What two methods can be used to prepare a process costing production report? What is the key difference between them?

Q:

What are the steps in preparing a FIFO production report? Are they different from the steps to prepare a weighted-average production report?

Q:

Briefly describe the differences between job order and process costing. Give an example of a type of company that would use each one.

Q:

Question 7-4 Problem 7-17 (45 minutes) 1. Under the traditional direct labor-hour based costing system, manufacturing overhead is applied to products using the predetermined overhead rate computed as...

Q:

An investor has two bonds in her portfolio, Bond C and Bond Z. Each bond matures in 4 years, has a face value of $1,000, and has a yield to maturity of 8.6%. Bond C pays a 10.5% annual coupon, while...

Q:

4) hybrid loans A 3/1 hybrid mortgage loan is granted in the amount of $100,000 with a maturity of 30 years and an interest rate of 7%, which is the prevailing market rate. At the end of three years,...