Cost centre and European Economic Area: Difference between pages

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imported>Doug Williamson
(Add management accounting definition and expand treasury definition.)
 
imported>Administrator
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1. ''Corporate treasury''.
(EEA).  
A group of countries comprising the European Union Member states plus Iceland, Norway and Liechtenstein.


A cost centre treasury which acts as a service centre which hedges operational exposures, at a cost.
Its important functions include anti-money laundering activities.


This is the lowest-risk organisational response to treasury risk, compared with treasuries organised as cost saving centres or profit centres.
== See also ==
* [[European Union ]]
* [[Money laundering]]


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==
* [[Cost saving centre]]
* [[Hedging]]
* [[Management accounting]]
* [[Profit centre]]
* [[Response to risk]]
[[Category:The_business_context]]

Revision as of 14:19, 23 October 2012

(EEA). A group of countries comprising the European Union Member states plus Iceland, Norway and Liechtenstein.

Its important functions include anti-money laundering activities.

See also


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