Investment Center: The Complete Guide [+ Examples]

Investment Center

Everything you need to know about investment centers [explained by a Certified Accountant] Share on facebook Share on twitter Share on pinterest Share on linkedin Contents What Is an Investment Center? Investment center is an autonomous unit within an organization that is responsible for generating its own revenue as well as controlling the costs and […]

Profit Center: The Complete Guide [+ Examples]

Profit Center

Everything you need to know about profit centers [explained by a Certified Accountant] Share on facebook Share on twitter Share on pinterest Share on linkedin Contents What is a Profit Center? Profit Center: Definition Profit center is a division, function, product, service, region or any other segment of an organization for which performance is measured […]

Revenue Center: Complete Guide [+ Examples]

Revenue Center

Everything you need to know about revenue centers [explained by a Certified Accountant] Share on facebook Share on twitter Share on pinterest Share on linkedin Contents Explanation: What is a Revenue Center? Revenue Center: Definition Revenue center is a distinct operating unit of a business that is responsible for direct interaction with customers to sell […]

Cost Driver | Cost Object | Cost Unit | Cost Center | Cost Account

Cost Driver vs. Cost Object vs. Cost Unit vs. Cost Center vs. Cost Account

What’s the difference between Cost Driver, Cost Object, Cost Unit, Cost Center and Cost Account? Share on facebook Share on twitter Share on pinterest Share on linkedin Example: Electricity units consumed as a basis for an electricity bill. Cost Driver Resources consumed as a direct cause of the total cost incurred. Example: Electricity units consumed […]

Cost Object: The Complete Guide [+ Examples]

Cost Object

Everything you need to know about cost objects [explained by a Certified Accountant] Share on facebook Share on twitter Share on pinterest Share on linkedin Contents Definition: What is a Cost Object? A cost object is a financial term used in management accounting that represents any part of a business for which costs are being […]

Direct Costs & Indirect Costs: Complete Guide [+ Examples]

Direct and Indirect Costs

Everything you need to know about direct and indirect costs [explained by a Certified Accountant] Share on facebook Share on twitter Share on pinterest Share on linkedin Contents Explanation: What Are Direct and Indirect Costs? Definition: What are Direct Costs? Direct costs are business expenditures directly attributable to a specific cost object–such as a particular […]

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