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    Part 1 - FI Controlling SAP Notes

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    khkiran
    Cost element accounting collects and summarizes postings within controlling and passes cross-company and business area postings to financial accounting. It can also create cost analyses in controlling applications. Primary cost elements must have a corresponding financial accounting account, while secondary cost elements are used only in cost accounting. Direct postings can be made to primary cost elements by specifying the account number, while indirect postings can only be made to secondary cost elements where the system determines the account.

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    Part 1 - FI Controlling SAP Notes

    Uploaded by

    khkiran
    80 views1 page
    Cost element accounting collects and summarizes postings within controlling and passes cross-company and business area postings to financial accounting. It can also create cost analyses in controlling applications. Primary cost elements must have a corresponding financial accounting account, while secondary cost elements are used only in cost accounting. Direct postings can be made to primary cost elements by specifying the account number, while indirect postings can only be made to secondary cost elements where the system determines the account.

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    Part 1- FI Controlling SAP Notes

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    Part 1- FI Controlling SAP Notes

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    Cost element accounting collects and summarizes postings within controlling and passes cross-company and business area postings to financial accounting. It can also create cost analyses in controlling applications. Primary cost elements must have a corresponding financial accounting account, while secondary cost elements are used only in cost accounting. Direct postings can be made to primary cost elements by specifying the account number, while indirect postings can only be made to secondary cost elements where the system determines the account.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    80 views1 page

    Part 1 - FI Controlling SAP Notes

    Uploaded by

    khkiran
    Cost element accounting collects and summarizes postings within controlling and passes cross-company and business area postings to financial accounting. It can also create cost analyses in controlling applications. Primary cost elements must have a corresponding financial accounting account, while secondary cost elements are used only in cost accounting. Direct postings can be made to primary cost elements by specifying the account number, while indirect postings can only be made to secondary cost elements where the system determines the account.

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    Definition: cost element accounting

    Controlling (CO)
    A component of Controlling (CO) that collects and summarizes postings that arise
    within CO in a reconciliation ledger.
    Cross-company and across business area postings are passed on to Financial Accou
    nting. You can also create cost analyses in the CO applications.
    Cost Center Accounting
    This section describes the user-specific default settings to be made in Cost Cen
    ter Accounting (CCA). The structure gives you an idea of the configuration seque
    nce.
    Further notes
    For more information on the IMG for "Cost Center Accounting", see the SAP Librar
    y under Financials -> CO Controlling -> Cost Center Accounting under the topics:
    Cost Center Accounting Master Data
    Cost Center Planning
    Actual Cost Calculation and Transaction-Based Allocations
    Funds Commitment
    Period-End Closing
    Cost Center Accounting Information System
    Cost Elements
    In the SAP system, you must manually activate automatic creation of cost element
    s for G/L accounts.
    Cost Element Accounting, Cost Center Accounting, and Order Controlling are close
    ly linked together in the SAP System. Every posting to a cost element account is
    assigned to an object in cost accounting.
    Note the following differentiation when you create a cost element:
    Primary cost element
    You can create a primary cost element, only after you indicate it as a G/L accou
    nt in the chart of accounts, and create it as a G/L account in Financial Account
    ing.
    A primary cost element must have a corresponding account in Financial Accounting
    . When you create a cost element, the SAP System checks if a corresponding accou
    nt was created in Financial Accounting.
    Secondary cost element
    A secondary cost element is used only in cost accounting, and may not be created
    in Financial Accounting.
    The cost element category has a technical control function, which determines whe
    ther a cost element can be posted to directly or indirectly.
    Direct posting
    You post an amount to each account, specifying the account number.
    You can make direct postings to all primary cost elements.
    Indirect posting
    The SAP System always determines the account during the posting transaction. You
    cannot enter the account number during the posting transaction.
    You can only make indirect postings to secondary cost elements.

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