SAP CO Activity Based Costing (CO-OM-ABC) in S/4 HANA 2021

SAP CO: Activity Based Costing (CO-OM-ABC) in S/4 HANA 2021 - Complete Process
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
Requirements
SAP CO: Product Costing Knowledge is required
Description
SAP CO: Activity Based Costing (CO-OM-ABC) in S/4 HANA 2021In 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 AccountingActivity-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 data6. Cost center with Activity type planning7. Template Allocation-BP Environment Creation8 .Business Process creation -Master data9. Assign Template to all Business Process10. Business Process Group Creation 11. Business Process Planning-Cost Element wise 12. Business Process Planning-Activity type wise 13. Business Process & Activity type rate calculation14. 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 Process24. FI Expenses to Direct Cost centers25. 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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