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Responsibility accounting and transfer pricing are essential components of effective financial management within organizations. For this discussion, name your company and its mission while addressing
Responsibility accounting and transfer pricing are essential components of effective financial management within organizations. For this discussion, name your company and its mission while addressing the following:
Responsibility Accounting: Explain how responsibility accounting can be implemented in your chosen company. Discuss the different responsibility centers such as cost centers, profit centers, investment centers and how they contribute to performance evaluation.
Transfer Pricing: Describe how transfer pricing would be applied within the company. What methods from the follwing would you use for setting transfer prices, and why costbased, marketbased, negotiated Consider how these methods impact the behavior and performance of different responsibility centers.
Ensure that your example and analysis are unique and build upon the discussion without repeating previously mentioned companies or scenarios. Please use new answers.
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