What is Responsibility Accounting? Is it used in your current or former place of employment, and if not would it work? Why or why not?© BrainMass Inc. brainmass.com October 25, 2018, 6:35 am ad1c9bdddf
Responsibility accounting is a practice of decentralizing an organization and having managers take responsibility for a portion of the business results. The responsibility is usually tied to rewards and promotion or evaluation and so the manager works hard to try to manage the segment that is his/her responsibility to maximize the results. There for four basic ways to do this. You assign responsibility for the (1) costs, (2) the revenues, (3) the profits or the (4) return on investment. ...
Your tutorial is 312 words and discusses cost centers, revenue centers, profits centers and investment centers and how they have worked in the past along with downsides of each.
Promotions and Job Analysis
Please answer the following questions:
You have recently been promoted from your current job working in accounting to the next management level above that job. You must now find a replacement for yourself and then supervise that person in your old job. In order to do this you must engage in a job analysis exercise and produce a job description. Using the job description, you then develop a recruiting plan and selection strategy including testing and interviewing. Once that person has been hired, his/her job performance must be evaluated. A performance evaluation philosophy and method must be developed. You must then decide how the position should be paid and why. Finally, training and development issues must be addressed for professional growth. Use at least one theory from the organizational behavior literature to support your positions.View Full Posting Details