dq1 - What is the difference between a revenue center and...

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How does the statement of functional expenses differ from the statement of activities? An account of actions lists the operational proceeds plus operating cost of an association throughout a certain period (usually the fiscal time). It will illustrate the growth as well as the reduction of the resources throughout that time. This type of report offers a correct evaluation of the association’s fiscal place. The statement of function separates each one into their own category, (depending on what they are). Giving each one there own line can give more detail and be more precise of each movement.
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Unformatted text preview: What is the difference between a revenue center and an expense center as it relates to a human service organization? Revenue: Money that is owed to the company. An expense: Is money that the company would owe for such as: lights, rent, vehicle updates, or maybe a loan. Why do you need to know this information as an employee in a human service organization? Knowing and understanding the Human Service’s revenues and expenses will allow the organization to run smoother with out any problems....
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