ACC 117 Lecture Notes - Lecture 23: Job Satisfaction, Accounts Receivable, Balanced Scorecard

• School: Tunxis Community College
• Department: Accounting
• Course: ACC 117
• Professor: Muccino

Document Summary

Decentralized organization- decision making authority is spread throughout the organization rather than being confined to a few top executives. Advantages top management can concentrate on bigger issues. Helps train lower level managers for higher level positions. Empowering increases managers" motivation and job satisfaction. Coordination could be lacking lower level managers don"t understand company"s overall strategy lower level might have objectives that clash with company"s. Responsibility center- used for any part of an organization whose manager has control over and is accountable for cost, profit, or investments. Cost center- control over costs, but not over revenue or investment funds. Profit center- has control over costs and revenue, but not over increasing unit sales assets held for operating purposes investment funds investment center- has control over costs, revenue, and investment funds. Higher it is, the greater the profit earned per $ invested. Roi increases over time as accumulated depreciation grows. Margin is improved by increasing selling prices, reducing operating expenses, or.