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In addition to the calculation of standard costs at the company code level, SAP also includes functionality to calculate standard costs across the entire corporation. These are referred to as group costs. Instead of using legal transfer prices, which is the basis for company code standard costs, group costing performs complete across company costing.
Learn more about the Asset History Sheet Report in this video presentation with slides from Controlling 2013 presented by Thomas Michael, founder and CEO of the Michael Management Corporation.
This week we are profiling Controlling 2014 speaker Michael Shoemaker. Michael is a principal consultant at Alta Via Consulting, where experts design, deploy and support SAP Controlling solutions in ECC, BW and HANA.
How did you get your start with SAP and SAP Controlling?
My first experience with CO was when I worked for Raytheon Aircraft. We implemented v4.5B with a big bang go-live of January 1, 2000. I was a SME with 6 years of cost accounting experience and it was my first time on a big project. It made me realize how much I enjoyed the IT world.
The chicken or the egg, vanilla or chocolate, red or white wine, consulting or industry? Are these some of the biggest questions in the universe? You may argue not, however for a SAP professional, deciding between a consulting or industry position is an important career choice. This is one career choice you may reevaluate throughout your career depending on personal life events, career goals, and present opportunities. The truth is, there is no wrong choice. It’s about what opportunity works best for you at that point in your life and career.
This week we are profiling Controlling 2014 speaker Elitza Alexandrova. Elitza is the Senior Financial Analyst at SPX Genfare, a leader in providing customized fare solutions to transit agencies of all sizes throughout North America and part of SPX Corporation, a Fortune 500 manufacturing and industrial equipment supplier.
This week we are profiling Controlling 2014 speaker Gary Cokins. Gary is an internationally recognized expert, speaker, and author in advanced cost management and enterprise performance and risk management systems. He is the founder of Analytics-Based Performance Management LLC, an advisory firm located in Cary, North Carolina.
Janet Salmon's sneak peek of new SAP Smart Accounting webinar recording is now available.
Why should we worry about reconciling costing based SAP Profitability Analysis (CO-PA) to the GL? After all, GL is the book of record from an external reporting stand point.
However, CO-PA has several advantages that the GL does not provide. For example, CO-PA can give us details on revenue and cost of sales (COS) split by sales order, product line, customer, etc. as opposed to the GL, which gives us only total revenue and total COS. CO-PA allows us to drill down to the details of a company’s profitability – customer, product line, which can be especially useful when forecasting future sales/COS. Therefore, CO-PA is an important financial tool; however for it to be accurate, we need procedures to reconcile and explain differences between CO-PA and the GL.
This week we are profiling Controlling 2014 speaker Joe Cravero, Project Manager on the SAP Financial and Controlling’s Enterprise CO (Controlling) support team at Deere & Company.
Think back to the last time you ordered a desktop computer online. You probably spent some time configuring your exact needs: the size of the monitor, the amount of memory, the hard drive space, the type of keyboard and mouse – the combinations seem endless!