discusses the advantages of using responsibility accounting, which operates on the premise that managers should be held responsible for their performance, the performance of their subordinates, and all activities within their responsibility center. Since the ability to measure performance is essential in developing management incentives and controlling the operation toward the achievement of organizational goals, this course also describes return on investment (ROI) and Residual income (RI), the two most widely used measures of divisional performance. Other topics include Standard Costs, Variance Analysis, Fixed Overhead Variances, Corporate Balanced Scorecard and Transfer Pricing.
Content Partner:
SmartPros Ltd.
SmartPros Ltd. is a leader in online and offline continuing education for
accounting, finance and engineering professionals. With over 2,000 hours of
content, SmartPros has been providing mandatory continuing education
products since 1981. SmartPros provides services and content to its
professional and corporate clients, in a variety of media including Web, CD
ROM, and video. In the accounting market, SmartPros also has a predominant
news and information portal which receives 200,000+ visits per month and
provides services to over 100,000 subscribers. SmartPros' customers include
50% of the Fortune 500, as well as the major firms and associations in each
of its professional markets.
Prerequisites/Advanced Preparation:
Basic math, basic accounting
Speaker / Author:
Steve Spafford is a CPA with DeltaCPE LLC, a national CPE provider.