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Cost centres

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Cost centres

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
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  • Author
    Posts
  • November 6, 2021 at 1:51 pm #640066
    fizaali
    Member
    • Topics: 50
    • Replies: 36
    • ☆☆

    Is it true that divisions are called centers such as there are 4 centres such as:

    1) Cost centres
    2) Revenue centres
    3) Profit centres
    4) Investment centres

    But what are their roles & responsibilities in decision making?

    November 6, 2021 at 4:23 pm #640072
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51555
    • ☆☆☆☆☆

    They are stating what it is that the divisional manager is responsible for (and is therefore how their performance will be measured.

    If it is a cost centre then they are being measured on how they manage the costs, if a revenue centre then on how they manage the revenue, if a profit centre then on how they manage the profits, if an investment centre then they are measured on how well they are investing in assets and to measured on their ROI or the RI.

    It is investment centres that are relevant in the exam as far as calculations are concerned.

    I explain all of this in my free lectures on performance measurement. The lectures are a complete free course for Paper PM and cover everything needed to be able to pass the exam well.

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    Posts
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