Hi, Im venkatesh.
Can please tell me any one How to prepare PRODUCT COSTING
for Interviews..Im getting confused,,kindly answer me
Answer / hannah
Hi,
SAP Product Costing deals with Plan Costing + Actual Costing
of Finish products or Services.
CO comprises Product Costing + cost accounting integrated
with FI.
It uses Integrated Cost Accounting.
Product costing also has 2 phases depending on the
Manufacturing Scenarios. If you are a normal Manufacturing
company, making goods to stock & sale, you have to first do
planning of the costs of products initially as a STD COST of
a product. This is used in many phases in SAP CO accounting.
In simple terms, you cost a product by different methods
depending on different LIFE CYCLE phases of product. These
are Development of new product. Growth stage by modifying
it. Mature stage (mass prod). Decline Retirement of that
product from Mfg+Mktng)
The whole CO process starts with this PLANNED costs of
products & ends with totaling the STD Costs for Actual
Production.
This is a simple Std cost Accounting system, in which the
end result is calculating Variance bet Planned & Actual &
analyzing those for further corrective actions.
Product costing is well integrated to FI, but only where
overhead cost accounting is used. Otherwise normally it
used only for settlement.
All these actual costs of Production are finally
settled/offset to FI or Profitability segments.
Hope this will help you for preparation, I wish you All the
Best.
Is This Answer Correct ? | 3 Yes | 0 No |
How do you assign a fiscal year variant to a company code?
What purpose to maintain the Ranking Order ? How the payment pick the particular Ranking Order while using the mulitiple Ranking Orders ??
How does postings happen in mm during special periods?
Is it possible to update the results of the standard cost estimate to other fields such as commercial price, tax price fields in the accounting view?
what is the difference between Field Status Varient and Field Status Group. Please explain in Brief.
How to FI integrate with MM and SD.
How do i see partner wise cash flow using cash management module in Ecc6.0. can somebody tell me the tcode or report to show the cash flow based on different company codes or partners(also trading partners). Any information is good for me. thank u
The user reported that buyer Grbic 81 DOO, SAP code 200021394 has busy Credit Limit in amount of 1.312,93 RSD, which makes blockades on the stuff delivery to the buyer. This makes Open delivery which is not recognized by the SAP overview. The user asks for the additional check and resolution of the issue.
Can we create P.O.for multiple vendors? How can we create it?
process of payment from customer?
is it possible to copy customer/vendor accounts from one company code to another?
What are the different role of SAP FICO consultant during the different implementation phases of ASAP Road map. and what are the tool and documents he is using ?