Accountability refers to an individual's responsibility to report to their superior and be answerable for fulfilling their obligations. It means an individual is responsible for their actions and whether they completed or failed to complete their commitments. Accountability promotes duty and expectations of meeting performance standards. Those responsible for any outcomes should understand that judgment comes from the quality of their work. Managerial accounting provides information to senior management to help them make informed evaluations and decisions about strategic plans and business operations by using different types of accounting data like budget reports that compare planned performance to actual results.

1. Essay on accountability
Accountability, as expressed may refer to individual commitment to formally appear
before his/her predominant for legitimate release of his/her obligations. It is additionally the
subordinates’ answerability to submitting his/her record to the predominant. On the other point,
one who concurs on accountability is however accountable for assigned obligations execution
eventually, income statement additionally considered profit and loss statement. For one to say
he/she is accountable, it means the individual’s conduct accountability with regard to fulfilled or
unfulfilled commitment. Accountability advances through obligation hence meets expectations
all the while. Ideally, any individual mindful in any given results must come to comprehension
that judgment originates from his/her execution quality. Simultaneously, gains from the producer
issues a report that portrays organization’s profit on a year or monthly premise. Regulation issues
inside budgetary bookkeeping calling has prompted numerous verbal and confrontations and
very hostile.
On the complexity, obligation indicates power derivative then again, accountability is
indicated by execution. Contrary, obligation is accepted, accountability is forced while power is
assigned. Execution in accountability streams from upwards while power tends to stream
downwards. Alternatively, obligation is produced from power, while accountability is embraced
from obligation. Then again, managerial accounting, data is spread to senior administration in
supporting them in settling on clear appraisals while settling on choices in regards to tentative
arrangements and business exercises of the of the organization, basing managerial accounting, it
contains distinctive accounting sorts data. E.g. plan reports utilized as part of contrasting plan
execution against real execution. The following venture of accounting comprises accounting
report of the assembling thus illuminating administration on owner’s values, liabilities and

2. resources of the business. Besides, accountability makes obligation look important consequently
finishing assignment process. Principal, obligation is indicated by amount of work prepared for
methodology, while accountability is signified in execution structure.