Definitions for TrueValueMetrics
Responsibility accounting is the name given to accounting where the reports specifically identify the responsible managers. This is a useful technique for getting clarity about who is responsible for what ... and there is rarely much agreement.
I used this technique throughout my corporate accounting career, and whenever I have had some responsibility for results. It is the technique I use to delegate especially in cases where uninformed oversight would not work well. I have been amazed at how effective numbers are in achieving high performance change.
Corporate analytical accountancy is very powerful, but its value is realized when the information is used to hold people accountable and to get decisions made and operational improvements implemented. Analytical reports have an additional level of gravity when the name of a responsible manager is associated with the results and the report. It may be clumsy ... but it works!