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Revenue accounts when clearing open items clearing

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Unformatted text preview: es: Flya Kite 35 Controlling CO Where the company “really” finds Where out what is going on! out Quarles: Flya Kite Cost Element Accounting Which costs are incurred ? Product related costs (Direct , traceable costs) Material Labor Product Cost Accounting What for? Product Product Quarles: Flya Kite Overhead costs (Indirect costs) Admin wages Depreciation Interest Cost Center Accounting Where are the costs incurred? Purchasing Manufacturing Administration Sales 37 Cost Elements CO FI General ledger accounts P & L accts Primary cost elements Secondary cost elements Quarles: Flya Kite Bal. sheet accts Expense accts Revenue accts 38 Primary Cost Elements A way to identify which type of cost Salaries, utilities, selling expenses x Cost that arise from consumption of goods/services from outside of the enterprise x Must be created in the GL chart of accounts in FI x Each posting to a cost element must be assigned either to a cost center or an order x Quarles: Flya Kite 39 Secondary Cost Elements x x x x Used exclusively in CO for allocations and settlements x Internal cost allocations Created and exist ONLY in CO x Cannot exist in FI The internal value flows such as allocations and overhead calculations x Secondary cost elements are allocated to cost objects within CO Represent activity values produced in internal cost allocations Quarles: Flya Kite 40 Cost Centers and Cost Elements Closely linked in SAP x Each posting to a cost element is assigned either to a cost center o...
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