WHAT IS COST CENTER BUDGETING?
Hi,
Cost center is a responsible center in SAP. It cannot be
defined as statistical but in transactions it may become as
per other co objects.You will be able to find out the
performance of the cost center using activities and plan
values with actual value. This is lowest cost object in SAP.
This will become a statistical object when you allocate the
cost to other higher objects. Cost can be allocated to other
cost centers or co objects but not fi objects like
GL,assets, inventory etc. can be defaulted in transactions
through cost element. It cannot be a cost object for a
revenue element, revenues are always taken for other higher
CO objects. No budget functionality is available but
planning functionality is available and is always measured
for a year in business.
Internal order is the second CO object - which can be
defined as statistical or real. You will be able to define
Budget and planning figures - more than one year also. Can
control the postings of FI through budget controls. You can
have the report of Plan vs actual including commitment. Cost
cannot be allocated but settled through settlement rules and
profiles. The receiver of the values can be any object not
like Cost center - can be CO objects and FI objects. Ideal
for R&D expenses capitalisations, etc. Status profile is
linked to this which controls many individual transactions
in each status which is a part of this Internal order. It
can also receive postings of activities from Cost center.
Settlement profile is an wonderful tool for variety of
settlement - needed for FI and CO - legal requirements also
and Revenue requirements also for any country.
All SAP CO orders like Production order, Plant maintenance
order, etc will behave like Internal order with more
functionalities.
Thank You.
| Is This Answer Correct ? | 6 Yes | 3 No |
which tool used for running the lsmw in sap
Why do we create profit centers? What are the key components of profit center? : cost center accounting
Is any one can you help me by providing the details of 1. companies in which SAP implemented since 2008 on words to till date , implemented partners ,duration of the projects,team size & if possible no of plants of a particular projects. 2.Recently i have completed my SAP SICO now iam preparing my CV ( going with 3+years experience) but since iam living in remote village i don't have access to the persons who are having knowledge of these things so please help me by providing required details. 3. I am waiting for your positive responds, please mail me to jagadeeshparimi@yahoo.com
How do you maintain exchange rates in sap? : cost center accounting
Tell me about Accounts payable business process flow and Accounts receivable business process flow
What is an exchange rate type? List some of them?
What is the purpose of 0 (zero)tax code?
What is generally configured in the payment term as a default for baseline date?
What if RFEBCK00? What are its advantages?
Can one posting variant be used by several companies?
In accounts receivable, what is the difference between the 'residual payment' and 'part payment' methods of allocating cash?
What is the importance of good received/ invoice received clearing account?
SAP Basis (1262)
SAP ABAP (3939)
SAPScript (236)
SAP SD (Sales & Distribution) (2717)
SAP MM (Material Management) (912)
SAP QM (Quality Management) (99)
SAP PP (Production Planning) (523)
SAP PM (Plant Maintenance) (252)
SAP PS (Project Systems) (138)
SAP FI-CO (Financial Accounting & Controlling) (2766)
SAP HR (Human Resource Management) (1180)
SAP CRM (Customer Relationship Management) (432)
SAP SRM (Supplier Relationship Management) (132)
SAP APO (Advanced Planner Optimizer) (92)
SAP BW (Business Warehouse) (896)
SAP Business Workflow (72)
SAP Security (597)
SAP Interfaces (74)
SAP Netweaver (282)
SAP ALE IDocs (163)
SAP Business One (110)
SAP BO BOBJ (Business Objects) (388)
SAP CPS (Central Process Scheduling) (14)
SAP GTS (Global Trade Services) (21)
SAP Hybris (132)
SAP HANA (700)
SAP PI (Process Integration) (113)
SAP PO (Process Orchestration) (25)
SAP BI (Business Intelligence) (174)
SAP BPC (Business Planning and Consolidation) (38)
SAP BODS (Business Objects Data Services) (49)
SAP BODI (Business Objects Data Integrator) (26)
SAP Ariba (9)
SAP Fiori (45)
SAP EWM (Extended Warehouse Management) (58)
Sap R/3 (150)
SAP FSCM Financial Supply Chain Management (101)
SAP WM (Warehouse Management) (31)
SAP GRC (Governance Risk and Compliance) (64)
SAP MDM (Master Data Management) (0)
SAP MRS (Multi Resource Scheduling) (0)
SAP ESS MSS (Employee Manager Self Service) (13)
SAP CS (Customer Service) (0)
SAP TRM (Treasury and Risk Management) (0)
SAP Web Dynpro ABAP (198)
SAP IBP (Integrated Business Planning) (0)
SAP OO-ABAP (Object Oriented ABAP) (70)
SAP S/4 HANA Finance (Simple Finance) (143)
SAP FS-CD (Collections and Disbursements) (0)
SAP PLM (Product Lifecycle Management) (0)
SAP SuccessFactors (33)
SAP Vistex (0)
SAP ISR (IS Retail) (28)
SAP IdM (Identity Management) (0)
SAP IM (Investment Management) (0)
SAP UI5 (59)
SAP SCM (Supply Chain Management) (51)
SAP XI (Exchange Infrastructure) (49)
SAP Cloud Platform (34)
SAP Testing (89)
SAP SolMan (Solution Manager) (63)
SAP MaxDB (116)
SAP GUI (15)
SAP AllOther (329)