2 Questions (1 Viewer)

[wrxsti]

1) What are Cost Centres?
2) What is meant by misuse of funds.

 

[zingerburger]

Cost centres are what managers look at with regard to expenses. They're the different expenses that relate to the different business functions and usually go hand-in-hand with expense minimisation.

Misuse of funds could be anything to do with thievery or fraud within a business, such as a manager charging personal expenses to the business' account.