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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The Conduct Committee is responsible for the Financial Reporting Council's Conduct Division, which oversees and promotes high quality corporate reporting including:
1. ''Corporate treasury''.


1. Monitoring supervisory and qualifying bodies.  
A cost centre treasury which acts as a service centre which hedges operational exposures, at a cost.


2. Professional discipline.
This is the lowest-risk organisational response to treasury risk, compared with treasuries organised as cost saving centres or profit centres.


3. Regulation of accountants and actuaries.


2. ''Management accounting''.


Previously the Professional Oversight Board.
More generally, a cost centre is any part of an organisation to which costs may be charged for accounting purposes.




== See also ==
==See also==
* [[Financial Reporting Council]]
* [[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.


See also