Cost Center – A business unit in any company can be classified as profit center, cost center or an investment center. Cost center is a simple and straightforward division in an organization. Cost Center known as a component in an organization where costs are incurred that adds value to the cost and adds profit of […]
Category Archives: SAP CO
Tables Name Fields AUSP Characteristic Values MANDT, OBJEK, ATINN, ATZHL, MAFID, KLART, ADZHL Cost Element Accounting (Reconciliation Ledger) (CO-OM-CEL (KKAL)) Tables Name Fields COFI01 Object Table for Reconciliation Ledger COFIT MANDT, OBJNR COFI02 Transaction Dependent Fields for Reconciliation Ledger MANDT, OBJNR COFIP Single Plan Items for Reconciliation Ledger RCLNT, GL_SIRID COFIS Actual Line Items for […]
Secondary cost elements are used exclusively in Controlling (CO) and have no relationship with general ledger accounts of Financial Accounting (FI). Secondary cost element created in controlling (CO) module and used for internal allocation purpose. A Secondary cost element cannot be directly posted.
Assessment Cost Elements are the secondary cost element created to use in the assessment cycle. These cost elements should create under the cost element category 42. The assessment cycle distributes the expenses from one cost center to other.
An internal order monitors the costs parts under certain circumstances, the revenues of the organization.
An internal order is used as an interim collector of costs and an assistance to the planning, monitoring and controlling processes needed. The costs can be settle to one or more receivers like cost center, fixed asset, profitability segment, etc, when the job has been completed.
Profit Center Group contains set of profit centers that are having similar characteristics. Profit center accounting is an organizational unit which reflects organization management-oriented structure for internal control. Profit Center Accounting evaluates the individual, independent areas profit or loss of within an organization.
Standard profit center hierarchy in a controlling area contains all the profit centers in it. Standard Profit Center Hierarchy is required to group the profit centers in hierarchical order.
Every posting object may not have assigned to the profit center and it may happen that some objects system are unintentionally left without an assignment to a profit center. In this case, postings to accounts are assigned to the dummy profit center of the controlling area.
Profit center is used for handling internal controlling and part of Enterprise Controlling module and is integrated with new General Ledger Accounting. Profit center allows to handle the responsibilities of respective units when the company divided into units (profit centers) and treats the units as separate companies within the company.