Standard Hierarchy: – It is a tree like a hierarchy structure that groups all the cost centers ( Company codes that belongs to one SAP controlling area).Ĭonclusion: – The implementation of cost center accounting in SAP is mandatory as it deals with the allocation of costs from one cost center to another cost center in controlling area. In the last stage, we need to lock the current period. All transaction postings related to auto/manual overhead/activity allocation/distribution need to be locked prior to the month end settlement. Job Description: SAP FICO Support Specialist Job Responsibilities Include: Reconcile the Cost of Sales at month end between the projects and GL postings. First, we need to unlock the next posting period. SAP system delivers with standard categories like administration, production, logistics, marketing, development, etc. SAP period locking procedure in Controlling takes place in three stages which are given below.
Cost center accounting planned documentsĬost Center: – It is an organization unit with in a controlling area that represents a defined location of costs occurrence.Ĭost Center Category: – It is an indicator in the cost center master record that identifies the activities and performance of a cost center.The important configuration steps of cost center accounting (CO CCA) in SAP are SAP Cost Center accounting (CCA) configurationĬost center accounting can be divided in to three master records
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