Answer / rousseau m

A Cost Object is a reference to an activity, a product or a
service for which against which costs/efforts are
calculated.
A Cost Center is a division or a department in an
Organization which generates Cost or which incurs the Cost.

Answer / ashok iyer

Cost object means anything for which cost is to be determined.

Answer / latha

cost center is a type of cost object. Cost object is one
where costs are captured

Answer / sreekanta

Cost object is an item of expenditure like salary,rent etc.
Cost center is an area of activity. it could be activity of
income or activity of expenditure. When an activity center
is comprises of only expenditure it referred as cost center.
when the activity center has both income & expenditure
related to it, it is referred as Profit center. For e.g. a
regional sales office is a profit center. it can generate
income (sales), it also relates expenditure like salary,
rent, advertisement,stationery etc. HR dept in an
organization is a cost center since it is only a service
dept for internal requirement of the organization.

Answer / wilky

Cost object may be a product,location of the organisation
or a service center.cost center means any dept or machinary
or anything of the organisation which is responsible only
for cost.it is also a classification under cost object.

Answer / haris

cost object is a cost it is used for carrying cost for a cost element cost element is not a cost object it just transfer one cost object to another cost object cost objects are cost center , internal order , business area , production order

Answer / pushkar

Cost Object is SAP term which can be identified in real
business. It is that object where costs are incurred.
Examples can be Salary, Worker, an unit or assembly or
activity and particular location also.

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What are the three important methods for foreign exchange?

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