What is SAP Preliminary Costing? Preliminary Costing is the first step in cost object controlling, which involves preliminary costing for manufacturing orders. It allows you to determine the planned costs of a product cost collector or manufacturing order. What do we do in Preliminary Costing? In preliminary costing, we evaluate Read more
What is Simultaneous Costing in Product Costing? Simultaneous Costing is again an important part of Product Costing in SAP. It comes in the process after the calculation of the standard cost. Once we have calculated the Standard Cost, we will proceed with the process of actual costs. Actual Cost debit/credit Read more
What is the Bill of Material in SAP? A Bill Of Material in SAP is a detailed list of components with their quantities that you require in SAP Controlling. You need these components to manufacture X units of a Product. Header & Components The products that are manufactured are called Read more
What is Material Ledger in SAP? Material Ledger in SAP is primarily used to do Inventory Valuation of the organisation. It is an auxiliary ledger with another main objective of carrying material prices in multiple currencies and various valuations also. (Article updated:- 3rd June 2021) What’s covered in this Article? Read more
SAP S4 HANA Controlling has got many new features in the new S4HANA versions. With Universal Journal and ACDOCA, Controlling has got much-improved functionality. Not only this, Controlling has become more integrated and user-friendly in SAP S4 HANA Finance. What is there in this article: I.e. Components with Changes:- Universal Read more
Profit Center Accounting in SAP is an important topic of SAP CO. Thus, usually, interviewers ask questions on this subject, considering important questions in SAP FICO interviews. Let’s learn a few of them with explanations. Q1. What is Profit Center Accounting in SAP? The Profit Centers reflect a management-oriented structure Read more
What is Product Cost Planning in SAP Controlling? Product Cost Planning is an area within SAP Product Cost Controlling, where the companies can plan costs for materials without referring to Production Orders, and other cost controlling objects. We can use Product Cost Planning to distribute the costs of the company’s Read more