SAP CO: Activity Based Costing (CO-OM-ABC) in S/4 HANA 2021
Learn about SAP CO: Activity Based Costing (CO-OM-ABC) in S/4 HANA 2021. This training covers configuration, testing, and execution of one cycle, focusing on manpower/labour activities in business processes. Discover how Activity-Based Costing enhances traditional product costing by assigning costs to specific business processes. Suitable for accounting professionals, SAP FICO consultants, and end users.
What you’ll learn
- Explain the concept of SAP CO: Activity Based Costing
- Configuration of Activity Based Costing. Master data setup
- Integrated with template allocation for Business Process
- Activity Based Costing: Monthend closing
SAP CO: Activity Based Costing (CO-OM-ABC) in S/4 HANA 2021
In this training I tried to explain the concept of SAP CO: Activity Based Costing (CO-OM-ABC) in S/4 HANA 2021 for the Manpower/Labour activities into Business process interms of both configuration , testing and execution one cycle.
Activity-Based Costing provides a process oriented view of overhead cost, in contrast to the traditional location-oriented view provided by Cost Center Accounting. Activity-Based Costing thus complements and enhances Cost Center Accounting
Activity-Based Costing (ABC) enhances of traditional product costing by assigning the sources of costs to their required business processes. Cost center resources can allocate to business processes based on their actual expenses through the allocation methods say Distribution for example.
1. Activate Activity-Based Costing in Controlling Area
2. Maintain Business Process Standard Hierarchy for Controlling Area
3. Cost element creation-43 category
4. Activity type-Labour -Master Data
5. Production Cost center -Master data
6. Cost center with Activity type planning
7. Template Allocation-BP Environment Creation
8 .Business Process creation -Master data
9. Assign Template to all Business Process
10. Business Process Group Creation
11. Business Process Planning-Cost Element wise
12. Business Process Planning-Activity type wise
13. Business Process & Activity type rate calculation
14. Template Allocation-001 Environment
15. Material Master creation
16. Bill of Material
17. Work Center
18. Routing
19. Production Version
20. Cost estimation & Release
21. Production Order creation
22. Activity Confirmation
23. Template Allocation -Execution of Business Process
24. FI Expenses to Direct Cost centers
25. Creation of Distribution Cycle : Cost spilt to Business Process
26. Execution of Distribution Cycle : Cost spilt to Business Process
27. Actual Business Process Rate Calculation
28. Revaluation of Production Order
29. Variance Calculation
30. Settlement
Who this course is for:
- CPA , CMA , ACCA , CA , MBA , M Com, B Com students and Professionals, SAP FICO Consultants and End Users.
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