Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / hannah
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 |
Post New Answer View All Answers
Explain what is recurring entries and why are they used?
Explain about asset master?
Can we post less amount through standard payment?. how?
What is the main control parameter for settlement?
How do you define credit control area in fi?
What is a special purpose ledger?
Explain the various steps in a depreciation run? : fi- asset accounting
How many chart of accounts can a company code have?
Relation between a controlling area and a company code?
How does the dialog handle user requests?
What is deffrent Between Company Act and Income Tax Act depriciayion
Explain intercompany postings. : fi- general ledger accounting
What is an asset value date? : fi- asset accounting
Can anyone give me real-time coaching in sap fi/co i am residing in marathalli Bangalore.........
What does “sap netweaver on linux” mean?
