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Tip 100 from 100 Things You Should Know About Controlling with SAP (2nd Edition) by John Jordan:

You can reference SAP Note 552486 for answers to frequently asked questions about Product Cost Controlling (CO-PC). Process orders provide you with extra functionality, such as phases and process instructions for process industries. 

The Online Service System (OSS) contains a database of useful information and advice on fixes for SAP system issues, consulting notes, and frequently asked questions. OSS Note 552486 contains advice on 14 SAP Controlling frequently asked questions. In this tip, we'll discuss how to access OSS Note 552486 adn we'll go over the note's first couple of questions and answers. 

SAP Press Book

100 Things You Should Know About Controlling with SAP

by John Jordan

Learn More Expert Tips: 100 Things You Should Know About Controlling with SAP

SAP Material Ledger has two main functions:

Carry inventory in up to two additional valuations and actual cost as we explain in detail below:

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The Controlling 2012 conference is quickly approaching and will take place September 24-25, 2012 in San Diego. As a preview of the excellent SAP training you will receive, we are releasing two set of presentation slides in advance of the conference. We released the first yesterday, “The impact of SAP HANA: Revolutionary changes for your SAP Controlling data?”. The second, will be presented by John Jordan and is called “Analyze your production costs and variances with SAP standard reports.”

Over the past several years I've seen a growing need for an SAP Controlling community, where management accounting professionals have a venue to share knowledge, best practices, insight, perspectives, and opportunities.