Cost Centre

  • 6 Posts
  • 1 Sections
  • 1 Types
November 15, 2023 3 min read Definitions
Service Cost Centre in Absorption Costing: An Essential Guide
Finance Management Accounting Cost Centre Absorption Costing Accounting Indirect Costs Management Accounting
Explore the role and significance of service cost centres in management accounting and how they fit into the absorption costing framework.
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October 4, 2023 2 min read Definitions
Blanket Rate in Factory Overhead Costs
Finance Manufacturing Accounting Cost Management Blanket Rate Overhead Costs Cost Accounting Absorption Rate Cost Centre
Explore what a blanket rate means in manufacturing and how it simplifies overhead cost allocation across various departments.
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October 4, 2023 3 min read Definitions
Branch Accounting Explained: Enhancing Business Reporting
Finance Accounting Business Management Branch Accounting Cost Centre Budget Centre Financial Reporting Corporate Finance
Unravel the essentials of branch accounting and its role in enhancing detailed financial reporting and management across different segments of a corporate entity.
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October 4, 2023 3 min read Definitions
Cost Apportionment Explanation: Sharing Indirect Costs
Finance Accounting Business Management Cost Apportionment Cost Management Indirect Costs Cost Centre Cost Allocation
A detailed guide to cost apportionment, a key concept in costing that involves charging a proportion of indirect costs to various cost centres or units.
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October 4, 2023 3 min read Definitions
Departmental Accounting: Key Insights for Financial Management
Finance Accounting Business Management Departmental Accounting Cost Centre Revenue Centre Profit Centre Financial Management
Explore the essentials of Departmental Accounting, how it breaks down financial data by department, and its benefits for organizational management.
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October 4, 2023 3 min read Definitions
Production Cost Centres in Business Management
Business Management Cost Accounting Organizational Structure Production Cost Centre Cost Centre Business Efficiency Cost Management Organizational Accountability
Explore the roles and functionalities of production cost centres in enhancing organizational efficiency and cost management.
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