Introduction To the Sub-Modules of SAP CO

1. Introduction To the Sub-Modules of SAP CO To begin with, SAP CO (controlling) is an important module of the SAP ERP. It is useful in supporting the process of planning, reporting, and monitoring the operations of businesses. In addition, it provides various methods that allow a user to view and organize costs that are necessary for financial reporting. Moreover, SAP CO facilitates the planning, tracking, performing, and reporting of costs. To further know about it, one can visit SAP CO Training in Gurgaon. Sub Modules of SAP CO SAP CO comes with various procedures and methods of uniting and observing the overheads that are necessary for financial reporting. With the help of the CO module. In addition, it allows a user to plan, perform, monitor, and report the costs. Moreover, this module also allows a user to record reporting and planning, along with following the organization’s operations. It consists of various submodules that are useful in conducting various business-related operations. Given below are some of the important sub-modules of SAP CO. Cost Element Accounting Cost element accounting is beneficial for providing an overview of the organization's cost and revenue. It is useful in tracking and maintaining a record of the cost and revenues of a company. In addition, this sub-module only costs that do not have another expense or are having only one expense in Financial Accounting. Cost Center Accounting This sub-module is useful in analyzing and tracking the overhead costs that incur within an organization. In addition, it allows a user to create a cost center master data that is responsible for tracking costs as per organization departments. Above all, a user can group these cost centers for providing a summary of cost information.

2. Profit Center Accounting It is useful in examining and evaluating the profit or loss within an organization. It also provides a Profit Center master data in Profit Center Accounting and it is useful in determining profits and losses using their period accounting or the Cost-of-Sales approach. There are many SAP CO Training Institute in Delhi and one can enroll in them to learn this module and start a career in it. Internal Orders It is a cost object useful for monitoring the costs for a specific project for a specific period. In addition, it also helps in monitoring costs for production activities along with budgeting the costs. Moreover, it allows a user to assign a budget to internal order and follow the spending limit within that budget. Product Costing This sub-module helps in calculating and tracking the costs that take place during the manufacture of a product. In addition, it is also beneficial in planning costs and calculating the material prices. Moreover, a user can use it for estimating the cost of goods manufactured along with the Cost of Goods Sold. Activity-Based Costing It is useful in assigning the manufacturing overhead costs to the products or services. In addition, it assigns the cost to the activities that are part of the overhead costs and after that, it assigns those activities to the products. Thus, making it a useful tool in the manufacturing industry. Profitability Analysis (COPA) COPA is capable of analyzing an organization's profitability based on different market segments. In addition, it is of two types that are Costing-Based and Account-Based. Moreover, it allows a user to analyze the profitability of any market segment such as Material, Material Groups, Sales Area, Customer Groups, etc. Conclusion SAP CO (controlling) is an important module of the SAP ERP that is useful for supporting planning and reporting processes. It consists of many sub-modules such as Cost Element Accounting, Cost Center Accounting, Internal Orders, Profitability Analysis, and a few more. For more queries, please visit: - Phone number: - +91-120-415-5255, +91-971-152-6942 Address: - G-21, Sector-03, Noida -201301, (U.P.), India Email: - info@cromacampus.com