Cost centre: Difference between revisions
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imported>Doug Williamson (Add management accounting definition and expand treasury definition.) |
imported>Doug Williamson m (Categorise.) |
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Revision as of 09:26, 2 May 2018
1. Corporate treasury.
A cost centre treasury which acts as a service centre which hedges operational exposures, at a cost.
This is the lowest-risk organisational response to treasury risk, compared with treasuries organised as cost saving centres or profit centres.
2. Management accounting.
More generally, a cost centre is any part of an organisation to which costs may be charged for accounting purposes.
