He said the Management Accounting techniques brought efficiency and cost reduction in the responsibility accounting
and performance monitoring.
They established a formal social responsibility accounting
system for state functions as well as an accounting system for merchants and trade (Murray, 1988).
Table 1: Parallel Development of Costing and Control Techniques WESTERN TECHNIQUE CHINESE TECHNIQUE Responsibility accounting
Responsibility cost control system Cost Cost/profit centers Cost control center Dashboards/scorecards Utilization of a mixture of financial and nonfinancial key performance metrics for performance evaluation Market-based transfer prices Transfer prices based on overall cost target for value chain Beyond Budgeting Delinking of budget for planning and control purposes; use of "league tables" Target costing Basics of a similar concept
In their paper, "Effects of Organizational Process Change on Responsibility Accounting
and Managers' Revelations of Private Knowledge," authors Casey Rowe, Jacob Birnberg and Michael Shields examined the relationship between organizational process change and responsibility accounting
The effective implementation of responsibility accounting
, however, proved difficult.
The client should also estimate and record the cost of cleanup associated with current revenues, closely control material balances and effectively use responsibility accounting
This book provides an overview of ethical theory and then considers the following specific areas: independence, whistle blowing, mentoring, law and ethics (audit failures), conflicting moral duties (seeking loopholes, issues not affecting the financial statements), professional relationships, gender issues and social responsibility accounting
The Sumerians, then, were one of the first societies to create internal control and responsibility accounting
systems establish profit or cost centers that measure how effectively company resources are consumed.
Additional examples can be found in areas such as planning and budgeting, responsibility accounting
, analysis and allocations, performance measurements and management reporting.
The author, Boston University professor David Young, takes a user-oriented approach to topics such as full-cost accounting, differential cost accounting, and responsibility accounting
lease decisions and live or die by the numbers in their responsibility accounting