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Responsibility centre

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Definition of Responsibility centre

Responsibility Centre Image 1

Responsibility centre

A division or unit of an organization for which a manager is held responsible – may be a cost centre, profit centre or investment centre.



Related Terms:

Cost object

Anything for which a measurement of cost is required – inputs, processes, outputs or responsibility centres.


Planning, programming and budgeting system (PPBS)

A method of budgeting in which budgets are allocated to projects or programmes rather than to responsibility centres.


Cost centre

A division or unit of an organization that is responsible for controlling costs.


Illegal Immigration Reform and Immigrant Responsibility Act of 1996 (IIRIRA)

A federal Act shielding employers from liability if they have made
a good-faith effort to verify a new employee’s identity and employment eligibility.


Investment centre

A division or unit of an organization that is responsible for achieving an adequate return on
the capital invested in the division or unit.



Personal Responsibility and Work Opportunity Reconciliation Act

A federal Act requiring the reporting of new hires into a national database.


Profit centre

A division or unit of an organization that is responsible for achieving profit targets.


Responsibility Centre Image 2

responsibility

the obligation to accomplish a task or achieve an objective


responsibility accounting system

an accounting information system for successively higher-level managers about the performance of segments or subunits under the control
of each specific manager


responsibility center

a cost object under the control of a manager


responsibility report

a report that reflects the revenues and/or costs under the control of a particular unit manager



 

 

 

 

 

 

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