Definitions for "COST CENTER"
An organizational unit or activity that provides goods and services primarily to internal university operations. Cost centers charge less than $125,000 annually to federally sponsored programs AND less than $1,000,000 in total charges.
The cost center is where the employee funding is identified. This is the link between the Human Resources and Finance systems. Cost centers will be defined at the Organizational Unit level.
See Center ; An account that normally has a credit balance, such as liability, net asset and revenue.
A grouping of operating costs having some common characteristics for measuring performance and assigning responsibility.
an area of responsibility within a company or organization against which costs are accumulated
a part of ITA that is responsible for managing costs and/or collections
A cost object containing general Institute funds. Called a general account in the classic system.
an account which is identified with a specific division, sourceof support, and program
Keywords:  sap, object, type
Is a type of cost object in SAP.
IT is budgeted and there is soft charging for specific services; it is concerned with input and output costs
a reference number identifying one combination of three elements - agency, appropriation and fund
a unit within the organization whose primary purpose is to provide a service at the least possible cost