Division

Division
A part of an organization, usually an investment center or profit center which, although ultimately responsible to head office, enjoys a degree of autonomy in terms of decisions.
Investment Centre
An investment centre is a unit or division within an organization where capital expenditures are made under the specific oversight of management responsible for that centre. This focus allows for detailed accountability and efficient resource management.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.