topic Re: Need some definitions in Application Development and Automation Discussions

Need some definitions

Former Member — Fri, 30 Jun 2006 10:16:22 GMT

Can you tell me :

1) What is Cost Centre?

2) What is Profit Centre?

3) What is Work Centre?

Regards,

Subhasish

Re: Need some definitions

former_member189629 — Fri, 30 Jun 2006 10:22:38 GMT

Hi Subhasish

Cost Center: Contains only costs from FI

Profit Center: Contains both Costs & Revenues from FI

Work Center: Only related with PP operations, no FI data is posted.

If you find this answer useful, please reward me for the same.

Good luck

Karthik Potharaju

Re: Need some definitions

Former Member — Fri, 30 Jun 2006 11:07:04 GMT

Cost centre : Organizational unit within a controlling area that represents a defined location of cost incurrence.

Profit Centre: Organizational unit in Accounting that reflects a management-oriented structure of the organization for the purpose of internal control.

Work Centre: An organizational unit that defines where and when an operation should be carried out.

rgds,

Message was edited by: Thomas Mann