Responsibility accounting reports that are given to lower-level managers are usually very detailed; in turn, higher-level managers will be given a summary report.

Responsibility Accounting

A system of accounting in which different sections of an organization are evaluated on the basis of their financial performance and managers are held accountable for operational results.

Lower-Level Managers

Managers who are at the first or second layer of the management hierarchy, typically responsible for overseeing the day-to-day operations and reporting to higher-level managers.

Summary Report

A summary report compiles and summarizes the key points and findings from detailed reports, providing an overview of the presented data.