Product Cost Controlling: End-to-End Scenario
In this course, we will build a realistic end-to-end costing scenario based on a real-life example. As Product Costing can’t be understood without also discussing Cost Elements/Cost Centers, we will also review the fundamentals of Controlling (CO). After this course, you will have a good understanding of how costing works and be ready to start implementing advanced costing scenarios in your own SAP system.
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Course Goal
- Understand how Costing is integrated with SAP Financial Accounting and Production Planning
- Understand how Product Costing works in SAP
- Create advanced costing scenarios in the system
Audience
- Consultants
- Developers
- End users
- IT/Business analysts
- Project Managers
- Project team members
Exam/Certificate
- Certificate of Completion (more certification info)
Lesson Plan
| # | Description | |
|---|---|---|
| Welcome | ||
| 1 | Course Introduction | Preview |
| Fundamentals of Product Costing | ||
| 2 | Introduction - Elements/Terms/Scenario | |
| 3 | Key Concepts in Product Cost Controlling | |
| Cost Planning Master Data | ||
| 4 | Introduction to Cost Planning | |
| 5 | Master Data - Cost Elements | |
| 6 | Master Data - Cost Centers | |
| 7 | Master Data - Activity Types | |
| 8 | Master Data - Material Master Data | |
| 9 | Master Data - Bill of Materials | |
| 10 | Master Data - Master Recipe | |
| 11 | Master Data - Statistical Key Figures | |
| Cost Planning | ||
| 12 | Activity Independent Cost Planning | |
| 13 | Activity Quantity Planning | |
| 14 | Statistical Key Figure Planning | |
| 15 | Distribution Cycles for Planned Costs | |
| 16 | Assessment Cycles for Planned Costs | |
| 17 | Cost Splitting for Planned Costs | |
| 18 | Planned Activity Price Calculation | |
| 19 | Costing Sheet Configuration | |
| 20 | Costing Variant, Valuation Variant & Cost Component Structure | |
| 21 | Costing Run | |
| Actual Costing | ||
| 22 | Introduction to Actual Costing | |
| 23 | Creating a Process Order | |
| 24 | Posting Goods Issue & Confirming Activities | |
| 25 | Posting Goods Receipt | |
| Month-End Closing | ||
| 26 | Month-End Closing - Posting Actual Costs | |
| 27 | Month-End Closing - Actual SKF Values | |
| 28 | Month-End Closing - Actual Distributions/Assessments | |
| 29 | Month-End Closing - Actual Cost Splitting & Actual Activity Price Calc. | |
| 30 | Month-End Closing - Actual Costing Sheet Overhead Calculation | |
| 31 | Month-End Closing - Order Revaluation | |
| 32 | Month-End Closing - Work-in-Progress & Variance Calculation | |
| 33 | Month-End Closing - Settlement Posting | |
| 34 | Month-End Closing - Distribution of Usage Variances | |
| Closing Remarks | ||
| 35 | Summary | |
| 36 | Course Handout - PDF | |
| 37 | Master Data Spreadsheet | |
Instructor
4.7 Average Rating
3 Reviews
35 Students
2 Courses
SAP Consultant
I'm a passionate SAP consultant loving to share my knowledge and experience with students from around the world. I have been part of countless large-scale SAP implementations around the world and am currently a senior associate for a large company based out of Helsinki. In addition, I have worked as an SAP consultant for several years, spearheading several projects. My areas of expertise include FICO, MM and SD.
More Courses by Tommi Riihimaki:
This course offers you a realistic costing scenario that you can start expanding and experimenting with. We will comp...
Student Feedback
4.5
Average Rating
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Unlimited access for your entire SAP team including admin platform and premium reporting.SAP Training for Businesses
| Language: | English |
| Level: | Intermediate |
| Duration: | 3.50 hours |
| Type: | Instructor-led |
| Release: |
ECC 6.0 S/4 HANA |
| Category: | SAP Financials |
