what is cost object

Answer Posted / james bond

A cost object is a master data in SAP which
a. incurs cost
b. carries cost
c. settles cost
d. allocates cost

Following are cost objects:
a. Cost Center
b. Cost Elements
c. Internal Orders
d. Project/WBS elements

hope this helps......

Is This Answer Correct ?    13 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How are tolerances for invoice verification defined?

654


Explain customer/vendor master records? : fi- accounts receivable

609


What is a special gl transaction? : fi- general ledger

596


What is the difference between asset accounting and asset class?

1003


Lets say for a product there exists three production versions. Explain the process how you would go about creating a mixed cost estimate?

659






what is the journal entry for bank guarantee? And under which account group(asset or liabilities)it will come and T CODE for posting bank guarantee ? pls elaborate ........

4138


What is a fiscal year variant ?

638


1.HOW TO SPECIFY THE BANK OVER DRAFT LIMIT IN SAP TO BANK ACCOUNTS 2.IN ACCOUNTS PAYABLE FOR APP HOW TO PROCESS THE RECEIPT IN CASE FOR A VENDOR WHO IS ALSO A CUSTOMER AND FROM WHOM AMOUNT IS RECEIVABLE.

2181


what is matrix preparation authorization. and how it is related to PMRD. What is PMRD

2750


What are the steps for creation of New Movement types and specific requirements for GL and codes from a unique company code?

1546


What are the common reasons for errors in accounting and what impact do they actually have on the organization?

631


1.How to get the list of deleted vendor master records/vendor a/c's and can we reuse the same account numbers (delted account number) for creating another new vendor master record?

1601


Hi all, what is the main difference between ABAV,ABAVON AND ABAVN? i have seen the related answer but there is some misconception.so please provide the most suitable answer. thanks in advance

5301


What is a screen layout? : fi- general ledger master data

615


We use statistical internal orders to have more detail on the cost center for tracking activities in a vineyard. Example would be different operational cost centers buy supplies for pruning, fertilizing, planting, frost control, etc so we have internal orders to add to cost center and gl acct. GL acct is type of expense, labor, supplies, equipment etc. How can I get my internal orders at my cost centers to display both actual and plan in my report. the flext table does not store both cost objects so it will not work.....

1256