A study on the development of cost centers to control the costs of units under the University of Economics - Technology for Industries

This paper mentioned and analyzed the necessity and principles, and made recommendations on building cost centers to control the costs of the University of Economics Technology for Industries' departments. This paper addressed the issues of identifying cost centers, building an evaluation criteria system for cost centers, and evaluation methods and reporting systems for cost centers. Cost centers would greatly support the university's board of managers in controlling costs. The paper also proposed solutions to build suitable cost centers for the university.