Cost pool and Permissioned DLT: Difference between pages

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imported>Doug Williamson
(Create page. Source: Scott, Accounting for Business 3rd edition.)
 
imported>Doug Williamson
(Create page - source - BIS - Annual Economic Report 2022 - p114.)
 
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''Cost and management accounting''.
''Blockchain - distributed ledger technology (DLT).''


A cost pool is a more refined development of a cost centre, used in ''activity-based costing''.
Permissioned DLT is a form of distributed ledger technology (DLT) in which only a pre-defined group of trusted
institutions can act as a validating node to verify transactions.


Cost pools are defined by activities such as design, set up costs, quality control, material ordering and production monitoring.
Contrasted with ''permissionless DLT.''




Costs established in the cost pools are then allocated to units of production on the basis of activities consumed.
== See also ==


 
* [[Blockchain]]
==See also==
* [[Blockchain Governance Initiative Network]]  (BGIN)
* [[Absorption costing]]
* [[Centralised finance]]  (CeFi)
* [[Activity-based costing]]
* [[Cryptocurrency]]
* [[Cost centre]]
* [[Decentralised finance]]  (DeFi)
* [[Cost saving centre]]
* [[Digital asset]]
* [[Hedging]]
* [[Digital capital market]]
* [[Management accounting]]
* [[Distributed ledger]]
* [[Profit centre]]
* [[Fintech]]
* [[Response to risk]]
* [[Institution]]
* [[Ledger]]
* [[Miner]]
* [[Permissionless DLT]]
* [[Transaction]]
* [[Validating node]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Technology]]

Revision as of 14:44, 27 September 2022

Blockchain - distributed ledger technology (DLT).

Permissioned DLT is a form of distributed ledger technology (DLT) in which only a pre-defined group of trusted institutions can act as a validating node to verify transactions.

Contrasted with permissionless DLT.


See also