Cost Center

This video discusses cost centers.

A cost center is a subunit of an organization that has responsibility only for costs. For example, the accounting department of a large grocery store chain would be a cost center. This is because the accounting department would incur costs but produce no revenue. Thus, the manager of the accounting department would be evaluated on their ability to control the accounting department's costs.—
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[drumrit]

SO grateful that you took the pain to do these videos. I've been soaking up all this knowledge, I feel like I owe you so much! You're a great teacher.

[ThatLeafClover]

Great Video... learning to become a TBMA and need to understand all these terms... This made it crystal clear! Thanx

[shannonblackburn]

Thank you so much for these videos. I am studying at the moment and watching them makes things so much easier to understand. Brilliant videos!

[madinabonuturdalieva]

Thank you very much for making this video explanation! I was having trouble understanding this.

[patriot]

Great. Do you have any on cost of unit for hospitals

[Wxqzq]

If only my accounting professor would show us examples like this instead of screenshotting pages directly from our ebook and briefly reading them in class

[RH-zkje]

Isn't it just that the profits from "cost centers" are harder to measure? You can't run a company without an accounting department, and good accounting can save you money. It's easy for the sales department to measure how much money it brought in, but it wouldn't have made those sales without the rest of the company. I work in tech support. The sales department makes big promises to get people to sign on the dotted line, and then we have to support their harebrained schemes, which can cost us money directly if we have to replace faulty products, or indirectly if we have to hire more people to support them. And if we didn't support our products, our sales department wouldn't be able to make their next sale. So how can you say which department is really bringing home the bacon?

[rafieichannel]

Hi, i have one question
Why we do assigning cost center category to function area?