The Use of Responsibility Accounting in Textile Industry in Bangladesh

Abstract: 

Responsibility accounitng, also called activity accounting or profitability accounting is the collection, summarization and reporting of financial information about various decision centers (responsibility centers) throughout an organization. This paper is an effort to examine the real world practice of responsibility accounting system in listed textile companies of Bangladesh. It also focuses on the overall satisfaction of responsibility accounting system and the significance of each element (i.e. assigning responsibility, estabilishing performance measures, evaluating performance, assigning rewards and responsibility center) of responsibility accoutning sytem. To achieve these objectives all the listed textile companies have been surveyed. Findings reveal that all elements are important for overall satisfaction of resposibility accounting system and descriptive statistics show that the satisfaction of responsibilty accounting system of all listed textile companies sustains in satisfactory level.

Year: 
Volume: 
XXXV
Issue: 
2
Page: 
261-273
Article Identifier: 
551