Profit Centre definition

Profit Centre means a service or a product offered by a service provider to which revenue and cost can be traced to calculate profit from that activity;
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Profit Centre means a service or a product offered by a service provider to which revenues and cost can be traced so that profits can be ascribed to that activity;
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Profit Centre. – simply means is a section of a company or firm treated as a separate business. Thus profits or losses for a profit centre are calculated separately. (Wikipedia)
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Examples of Profit Centre in a sentence

  • Hemant Goyal & Associates, Chartered Accountants,F-65, Profit Centre, Mahavir Nagar, Kandivali (W), Mumbai-400067 Secretarial AuditorM/s.

  • UNIT-III:RESPONSIBILITY ACCOUNTING:Definition- Steps- Responsibility Centers- Revenue Centre- Profit Centre- Investment Centre- Advantages of Responsibility Accounting- Cost Centres Vs. Responsibility Centres - Transfer Prices- Price Level Accounting- Current Purchasing Power Method- Methods of Accounting for Changing Prices- Working Capital Adjustments- Merits of Inflation Account.

  • Groups are determined along Business lines, commonly Profit Centre or site based.

  • Definition - Nature and Scope - Principles of Cost Accounting - Cost Accounting and Financial Accounting - Cost Accounting Vs Management Accounting - Installation of Costing System - Classification of Costs - Cost Centre - Profit Centre.

  • An IT Service Provider can be run as a Cost Centre or a Profit Centre.

  • He is a Senior Management professional with over 31 years of comprehensive achievements across Business Development, Marketing, Manufacturing, and Profit Centre responsibilities with reputed Multi-nationals and large Indian Corporate Groups.

  • Unit 2: Designing Management Control Systems – a) Process of working within Organizational Structure/ Constraints b) Identification of Responsibility Centers : Types of Responsibility Centers – cost centre, Profit Centre and Investment Centre c) Development of Measures of Performance, Monitoring and Reporting Results and Balanced scorecard.

  • Behavioral Aspects of Management Control – Impact of Social Psychology; Management Control Structure: Responsibility Centre, Responsibility Accounting, Cost Centre, Profit Centre and Investment Centre; Transfer Pricing: Methods, Problems and Applications; Management Control in Specialized Organisation: Distinctive features of Management Control Systems in Public Sector Undertakings and other Non-Profit Organizations.

  • The Pardubice Profit Centre obtained a joint integrated permit for energy operations, asphalt operations, fuel operations and oil operations issued by the Regional Authority of the Pardubice Region.

  • The Board of Directors of Air India Limited, the parent company, on 7th August, 2010 approved the hiving off of Air India Engineering Services Limited (AIESL) as wholly owned subsidiary of Air India and a separate Profit Centre to cater the service towards Maintenance, Repair and Overhaul (MRO) activities of the captive load of Air India and it’s other subsidiaries besides the workload from 3rd Party Customer of domestic and international market.

Related to Profit Centre

  • Economic development incentive means a financial incentive,

  • Business Unit means the assets constituting the business or a division or operating unit thereof of any Person.

  • Michigan economic development corporation means the public body corporate created under section 28 of article VII of the state constitution of 1963 and the urban cooperation act of 1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, by a contractual interlocal agreement effective April 5, 1999, as amended, between local participating economic development corporations formed under the economic development corporations act, 1974 PA 338, MCL 125.1601 to 125.1636, and the Michigan strategic fund. If the Michigan economic development corporation is unable for any reason to perform its duties under this act, those duties may be exercised by the Michigan strategic fund.

  • Social development company means a company whose primary purpose in Sudan is to provide humanitarian goods or services, including medicine or medical equipment, agricultural supplies or infrastructure, educational opportunities, journalism-related activities, information or information materials, spiritual-related activities, services of a purely clerical or reporting nature, food, clothing, or general consumer goods that are unrelated to oil-related activities, mineral extraction activities, or power production activities.

  • Microenterprise means an enterprise which employs fewer than 10 persons and whose annual turnover and/or annual balance sheet total does not exceed EUR 2 million;

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:

  • Plan for moderate income housing means a written document adopted by

  • Study Centre means a centre established and maintained or recognized by the University for the purpose of advising, counselling or for rendering any other assistance required by the students in the context of distance education;

  • Business Centre means each of the places so specified in the relevant Pricing Supplement.

  • Enterprises means DTE Enterprises, Inc., a Michigan corporation wholly-owned by the Borrower.

  • Economic development means all powers expressly granted and reasonably inferred pursuant to SDCL § 9-54.

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • economic resources means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds, but may be used to obtain funds, goods or services;

  • Centre means the International Centre for Settlement of Investment Disputes Established by the ICSID Convention; and

  • Planned unit development means a subdivision characterized by a unified site design, clustered residential units and/or commercial units, and areas of common open space.

  • Moderate income housing means housing affordable,

  • Research and development means (1) theoretical analysis, exploration, or experimentation; or (2) the extension of investigative findings and theories of a scientific or technical nature into practical application for experimental and demonstration purposes, including the experimental production and testing of models, devices, equipment, materials, and processes. Research and development does not include the internal or external administration of radiation or radioactive material to human beings.

  • Executive Management means the CEO and the CFO for purposes of administering this Plan.

  • Health planning region means a contiguous geographical area of the Commonwealth with a

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • land development area means an erf or the land which is delineated in an application submitted in terms of this By-law or any other legislation governing the change in land use and “land area” has a similar meaning;

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • Executive Directors means a person appointed as director directly accountable to the municipal manager.

  • Global Development Plan has the meaning set forth in Section 3.1.

  • Professional development means training programs for

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).