Cleaning and Formatting Data in Excel for Beginners

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CO is used for managing and recording of costs and providing information to the management for internal assessment and performance.· Cost Element Accounting:Revenue and expenditure GL accounts are called as cost elements.Two Types of cost element are used in CO:a) Primary Cost Element:It is used to carry the cost from FI to CO module.b) Secondary Cost Element:It is used to carry the cost within CO module from one cost object to another.· Cost Center Accounting:It is used to redistribute the cost between the departments. We collect the department wise cost and redistribute it to other departments using allocation methods and finally allocate the cost to products based on how much resources of each department product is using.Planning and actual cost can be posted to the cost centers, and we can do variance analysis. In new version of SAP S4 HANA we can also assign the control to restrict the actual cost up to plan values.Cost center accounting is used for the calculation of activity price calculation. How much is the price of each activity. Activity price is then used to calculate the direct cost of manufacturing the products.· Product CostingProduct costing is used to calculate the price of products in detail with their cost components like cost of material, labor, and overheads separately.Three different types of product cost are going to be calculated:· Standard Cost.It is estimated cost to produce one single unit.· Plan Cost.It is estimated cost for the whole production order.· Actual Cost.It is actual cost consumed to product goods in a production order.Profitability Analysis (COPA):It is used to analysis the profitability using different dimensions like region, product, custom

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