Difference between profit center accounting and Profitability analysis:
Profit center accounting is principally done for internal controlling aims. It lets you find out the profit and loss utilizing the cost of sale approach or period accounting approach. Here you can determine the profit from a "region of responsibility or person" view point. This is account based costing while in Profitability analysis, market segments are based on product, order, customer, or any combination of such are studied to find the profit. PA gives information to the marketing, sales and planning department and hence they can make decisions. PA has two forms CO based and account based. Both of these are tools for profit management, and both are alternative. They are not similar.