Conduct Committee and Cost centre: Difference between pages
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imported>Doug Williamson m (Minor typos and layout amended.) |
imported>Doug Williamson (Add management accounting definition and expand treasury definition.) |
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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. | |||
== See also == | ==See also== | ||
* [[ | * [[Cost saving centre]] | ||
* [[Hedging]] | |||
* [[Management accounting]] | |||
* [[Profit centre]] | |||
* [[Response to risk]] | |||
[[Category:The_business_context]] |
Revision as of 15:05, 1 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.