In: Accounting
Class: ACCT-301 WEEK 6: RESPONSIBILITY ACCOUNTING
What is an investment center? What are the managers of an investment center responsible for?
Investment Center
An Investment center is a business unit inside an entity that has an obligation regarding its own income, costs, and resources, and whose money related outcomes depend on every one of the three elements. It is viewed as any part of a business that can be isolated for detailing purposes as a different working substance. An Investment center normally has its own financial reports, involved at least an income statement and balance sheet. balance sheet.
Managers of an investment center responsible for -