CONTROLLING
Controlling provides information for management for decision-making.
If facilitates coordination, monitoring, and optimization of all processes in an organization.
COST CENTER
The organizational unit within a controlling area that represents a defined location of cost incurrence is called Cost Center
Tcodes for Creation of the Cost Center are
COST ELEMENTS
Cost Elements Describe the origin of costs.
The cost element classifies the organization-valuated consumption of production factors within a controlling area.
Primary Cost Elements
Primary cost elements are used for direct posting and must be accompanied in GL a/cs in FI.
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Creation of Std. The hierarchy for Cost center
SPRO -> Controlling -> General controlling -> Organization -> Maintain Controlling Area
Creation of Cost center
SPRO -> Controlling -> Cost center Accounting -> Master data -> Cost center -> Create Cost center
Creation of Cost Element
SPRO -> Controlling -> Cost center Accounting -> Master data -> Cost Elements -> Create Cost element
Set Controlling Area to our controlling area.[On menu bar -> Extras -> Set Controlling Area]m
Enter Cost Element as 400000 and valid from date and in the basic data tab enter name and description and cost element category as 1 (1 for Primary cost/cost reducing revenue)
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