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Measuring Financial Performance Types Of Responsibility Centers

Author

Listed:
  • LOREDANA CIURLĂU

    () („CONSTANTIN BRANCUSI" UNIVERSITY FROM TARGU JIU, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION)

Abstract

The financial performance of a responsibility center is measured on the basis of specific indicators of the nature center. To obtain a relevant and consistent images relating to the performance of an entity is required to use a system of indicators. Performance indicators of the structure it needs to capture at the same time, at least the following aspects: the objectives of the entity, its strategy, efficacy and effectiveness of activities carried out, the entity's ability to adapt to the requirements of the market in which they operate. Financial indicators of performance are the most objective, because most businesses give important resources for the activities of audit and control.

Suggested Citation

  • Loredana Ciurlău, 2012. "Measuring Financial Performance Types Of Responsibility Centers," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 332-336, November.
  • Handle: RePEc:tdt:annals:v:xviii/supplement:y:2012:p:332-336
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    More about this item

    Keywords

    financial profitability indicators; value added; management control; cost centers;

    JEL classification:

    • P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects
    • M50 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - General

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