Applying responsibility accounting in Vietnamese firms

Abstract

Responsibility accounting is a tool to control operations and costs of an organization. Responsibility Accounting is the development of an accounting system designed to control directly related costs incurred by individuals in an organization who are in charge of control. Responsibility Accounting increasingly plays an important role and position in economic management in enterprises in countries around the world, especially in developed economies. In Vietnam, the application of the contents of management accounting in general and Responsibility Accounting in particular is still a very new issue and has not attracted much attention from businesses.