Fundamental Managerial Accounting Concepts with Access
7th Edition
ISBN: 9781259683770
Author: Edmonds
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Question
Chapter 9, Problem 1LO
To determine
Mention the features of decentralization.
Expert Solution & Answer
Explanation of Solution
Decentralization: In a company where the authority and responsibility of operating decisions are delegated to the divisional or segment managers, paving way for the responsibility accounting, such a practice is referred to as decentralization.
Features of decentralization:
- Authority and responsibility of operating decisions is delegated to the concerned department or division, or the segment, referred to as responsibility center.
- This delegation of authority divides the management based on the responsibility in an hierarchical order.
- The managers are made responsible for the costs, revenues, and profits of the responsibility centers under their control.
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Need help
???
Answer
Chapter 9 Solutions
Fundamental Managerial Accounting Concepts with Access
Ch. 9 - Prob. 1LOCh. 9 - Prob. 2LOCh. 9 - Prob. 3LOCh. 9 - Prob. 4LOCh. 9 - Prob. 1QCh. 9 - Prob. 2QCh. 9 - Prob. 3QCh. 9 - Prob. 4QCh. 9 - 5. How does the concept of predominant control as...Ch. 9 - Prob. 6Q
Ch. 9 - Prob. 7QCh. 9 - Prob. 8QCh. 9 - Prob. 9QCh. 9 - Prob. 10QCh. 9 - Prob. 11QCh. 9 - Prob. 12QCh. 9 - Prob. 13QCh. 9 - Prob. 14QCh. 9 - Prob. 15QCh. 9 - 16. If cost is the basis for transfer pricing,...Ch. 9 - Prob. 1ESACh. 9 - Prob. 2ESACh. 9 - Prob. 3ESACh. 9 - Prob. 4ESACh. 9 - Prob. 5ESACh. 9 - Prob. 6ESACh. 9 - Prob. 7ESACh. 9 - Prob. 8ESACh. 9 - Prob. 9ESACh. 9 - Prob. 10ESACh. 9 - Prob. 11ESACh. 9 - Prob. 12ESACh. 9 - Prob. 13ESACh. 9 - Prob. 14ESACh. 9 - Prob. 15ESACh. 9 - Prob. 16PSACh. 9 - Prob. 17PSACh. 9 - Prob. 18PSACh. 9 - Prob. 19PSACh. 9 - Prob. 20PSACh. 9 - Prob. 21PSACh. 9 - Prob. 22PSACh. 9 - Prob. 23PSACh. 9 - Prob. 24PSACh. 9 - Prob. 1ESBCh. 9 - Prob. 2ESBCh. 9 - Prob. 3ESBCh. 9 - Prob. 4ESBCh. 9 - Prob. 5ESBCh. 9 - Prob. 6ESBCh. 9 - Prob. 7ESBCh. 9 - Prob. 8ESBCh. 9 - Prob. 9ESBCh. 9 - Prob. 10ESBCh. 9 - Prob. 11ESBCh. 9 - Prob. 12ESBCh. 9 - Prob. 13ESBCh. 9 - Prob. 14ESBCh. 9 - Prob. 15ESBCh. 9 - Prob. 16PSBCh. 9 - Prob. 17PSBCh. 9 - Prob. 18PSBCh. 9 - Prob. 19PSBCh. 9 - Prob. 20PSBCh. 9 - Prob. 21PSBCh. 9 - Prob. 22PSBCh. 9 - Prob. 23PSBCh. 9 - Prob. 24PSBCh. 9 - Prob. 1ATCCh. 9 - Prob. 3ATCCh. 9 - Prob. 4ATCCh. 9 - Prob. 5ATCCh. 9 - Prob. 6ATCCh. 9 - Prob. 7ATCCh. 9 - Prob. 1CP
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- Determine the term being defined or described by the following statement: Evaluation of how income will change based on an alternative course of action. a. Differential analysis b. Opportunity cost c. Product cost distortion d. Sunk cost e. Theory of constraintsarrow_forwardAccount Que.arrow_forwardWhat is Jordan ROE? General accountingarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education
Internal Control Components; Author: Accounting Instruction, Help, & How To;https://www.youtube.com/watch?v=D8SSaqpE6L8;License: Standard Youtube License