Why A Profit Center is Required?

Answer

The Primary objective of  Profit Center is to represent an independent organizational subunit that operates practically independently in the market, bears responsibility for it's own costs and revenue , and can be expanded to become an investment center or can be treated as a Company within a company.The Profit center approach embodies the increasing re-establishment between internal and external accounting, functioning as a connecting link between two accounting concepts.Profit Center Accounting  helps in answering the following questions :

  1. How much is the revenue?
  2. How much is the cost of goods manufactured?
  3. How much is the contribution margin?
  4. How much is the administrative and sales costs?
  5. How much is the operating profit?

ROI , EVA and cash flow analyses are possible at profit center level.  

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