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Upgrading Fund Management to Transform Cost Center into Profit Center

Journal: International Journal of Trend in Scientific Research and Development (Vol.7, No. 3)

Publication Date:

Authors : ;

Page : 9-11

Keywords : Cost center; Profit center; Ship repair enterprise;

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Abstract

With the development of society, a large number of enterprises in China have entered the stage of group development, and the management of enterprise funds has also changed accordingly. Fund management has moved from a single cost control model to a profit control model. Funds are the lifeblood of enterprises, and the quality of fund management affects the development ability of enterprises. The fund management of enterprises needs to involve cost control. Transforming from a cost center to a profit center can eliminate unreasonable parts of the cost structure and effectively reduce production costs. Han Siyao "Upgrading Fund Management to Transform Cost Center into Profit Center" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-3 , June 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd56253.pdf Paper URL: https://www.ijtsrd.com.com/management/accounting-and-finance/56253/upgrading-fund-management-to-transform-cost-center-into-profit-center/han-siyao

Last modified: 2023-08-01 20:38:48