accountability

(noun)

Individuals' responsibility for their own work and acceptance of the repercussions of their actions.

Related Terms

  • paradigmatic
  • Accountability i
  • Entitled
  • profitability
  • fiduciary
  • compliance
  • governance
  • empowerment

(noun)

The state of being responsible for something.

Related Terms

  • paradigmatic
  • Accountability i
  • Entitled
  • profitability
  • fiduciary
  • compliance
  • governance
  • empowerment

(noun)

Being responsible for one's own work and answering for the repercussions of one's own actions.

Related Terms

  • paradigmatic
  • Accountability i
  • Entitled
  • profitability
  • fiduciary
  • compliance
  • governance
  • empowerment

(noun)

The acknowledgment and assumption of responsibility for actions, products, and decisions.

Related Terms

  • paradigmatic
  • Accountability i
  • Entitled
  • profitability
  • fiduciary
  • compliance
  • governance
  • empowerment

Examples of accountability in the following topics:

  • The Importance of Accountability

    • Being accountable simply means being responsible for decisions made, actions taken, and assignments completed.
    • The United States Department of Organization provides specific guidelines for managerial accountability.
    • In organizations, accountability is a management control process in which responses are given for a person's actions.
    • Because there is no global, democratically elected body to which organizations must account, global organizations from all sectors' bodies are often criticized as having large accountability gaps.
    • The United States Department of Organization provides specific guidelines about accountability of managers.
  • Social Responsibility Audits

    • As with financial audits, social responsibility audits involve accounting processes.
    • This type of accounting originated in the early 1990s and is known by various names, including social accounting, sustainability accounting, CSR reporting, environmental and social governance (ESG) reporting, and triple-bottom-line accounting (encompassing social and environmental as well as financial reporting).
    • In most countries, existing legislation regulates only a fraction of accounting for socially relevant corporate activity.
    • Having third-party groups conduct social audits is one way that corporations are held accountable for their CSR performance.
    • Environmental-related accounting might address pollution emissions, resources used, or wildlife habitats damaged or re-established.
  • Accountability in Teams

    • In a management context, accountability explicitly identifies who is responsible for ensuring that outcomes meet goals and creates incentives for success.
    • Organizations often use team-based rewards to hold teams accountable for their work.
    • A sense of accountability to the team creates an incentive for individuals to provide help when needed.
    • Teams use norms and other forms of social pressure to hold one another accountable.
    • For accountability to work, teams need to have the resources, skills, and authority to do what they are being held responsible for.
  • Managers Role in Ethical Conduct

    • Managers hold positions of authority that make them accountable for the ethical conduct of those who report to them.
    • A fiduciary must put the interests of those to whom he is accountable ahead of any interests, and must not profit from his position as a fiduciary unless the principal consents.
    • The stakeholders will be interested to hear how the organization took ethics into account, and in those cases it is the manager's duty to speak on the company's behalf.
  • Self-Managing Teams

    • A self-managing team is a group of employees working together who are accountable for all or most aspects of their task.
    • A self-managing team is a group of employees working together who are accountable for most or all aspects of their task.
  • Defining Ethics

    • Professionals such as managers, lawyers, and accountants are individuals who exercise specialized knowledge and skills when providing services to customers or to the public.
    • For example, lawyers must hold client conversations confidential and accountants must display the highest levels of honest and integrity in their record keeping and financial analysis.
  • Middle-Level Management

    • Middle management is the intermediate management level accountable to top management and responsible for leading lower level managers.
    • They are accountable to the top-level management for their department's function, and they devote more time to organizational and directional functions than upper management.
  • Non-Rational Decision Making

    • To account for these limitations, alternative models of decision making offer different views of how people make choices.
    • This process takes into account new information and considers multiple scenarios of how the future will evolve.
  • Project Management Audits

    • This usually refers to audits in accounting, but similar concepts also exist in project management and quality management, as the auditing of steps and processes in a project systematically or randomly to insure that the project is meeting estimated completion and quality standards.
    • Identify how project managers can use the common accounting concept of audits to achieve optimal levels of control and efficiency
  • Advantages and Disadvantages of Group Decision Making

    • Group decisions take into account a broader scope of information since each group member may contribute unique information and expertise.
    • One possible disadvantage of group decision making is that it can create a diffusion of responsibility that results in a lack of accountability for outcomes.
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