Financial reporting center (FRC)

Financial reporting center (FRC),

Definition of Financial reporting center (FRC):

  1. The department or area of ​​responsibility that separates cost data for financial reporting. These reporting centers are generally divided into three groups: (1) revenue centers, (2) support centers, and (3) others (for example, with fixed costs).

Meaning of Financial reporting center (FRC) & Financial reporting center (FRC) Definition