The extent of using responsibility accounting in listed Syrian Banks (Field Study)


Abstract in English

The aims of responsibility accounting is to design an information system able to do an effective control over performance by linking accounting reports with related managers according to organizational structure. This paper aims to clarify the importance of using responsibility accounting and to know to what extent Syrian listed Banks apply such techniques. A questionnaire was designed and distributed to the sample of this paper (accountants, internal auditors). The research concludes that listed banks have a clear determination for responsibility centers and they prepare operational budgets and compare actual results with it to evaluate performance and they have a comprehensive reporting and motivation system. It recommends -amongst other- to increase coordination between people in every responsibility center and to clarify relations between them.

References used

WILLIAM et al. Financial & Managerial Accounting the basis for business decisions. Sixteenth edition. International edition. Mcgraw hill. Columbus. 2012
HILTON, Ronald W. Managerial Accounting creating value in a dynamic business environment. 7th edition. Mcgraw hill international edition. Columbus. 2008
IRVIN N. Gleim and DALE L. Flesher, Gleim. CMA review Part2 Financial decision making. Fifteenth edition. 2010

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