#SAP Career, #SAP, #INFOCOST, Reason for the Blog: In last couple of months I have been receiving many calls regarding career counselling for new graduates in the SAP Industry concerning the opportunities and the prospects. So It gave me a thought to present a Blog for all those who are willing to know [...]
# SAP Costing # SAP Inventory Valuations # SAP FICO # SAP CO Facts of the case: In standard SAP normally, we keep the SFG/FG in standard price, the impact of that is as under; The day when we run the standard costing run all the inventory gets updated with the new standard [...]
Standard Batch/Direct Input LSMW for mass update in Material Master Using Batch input recording LSMW did not succeed because in Material master, materials have multiple views, which varied according to the Production and MRP Types. Hence, the Batch input recording did not work as the Views of material master (such as accounting views) selected while [...]
Activity Based Costing ABC is more accurate costing methodology Focus on indirect cost (Overheads) Traces rather than allocate each expenses category to particular cost object Makes “Indirect expenses” “direct” Steps in ABC Identify the activities Determine cost for each activities Determine cost drivers Collect activity data Calculate product cost How ABC works in SAP SAP [...]
Joint product costing & By product costing in SAP Overview: The costing processes have these variants for different types of costing we decide based on the business processes as which is the better process for the costing purpose. What is Joint Product Costing: Joint product costing is a process of costing we need to apply [...]
Actual Consumption of raw materials in SAP (Distribution of physical inventory difference over FG productions) Objective: The actual consumption of raw materials in production planning module in SAP always gets the consumption quantity from BOM of the SFG/FG. However the actual consumption quantity or RM would always be different than the standard consumption as per [...]
For the regular Sub contracting processes in the Mixing plants we have 3 vendors where the sub-contracting process is being performed, the SAP Standard sub-contracting processes is being followed in current practice, here the business users are facing following challenges; The Inventory in SAP system showing as the Vendor Stock without any storage location, [...]
New product pricing for any new product specification as shared by the R&D Department is to be carried out by the Costing Team following are processes being followed for the same: The entire new product pricing currently being done in large and heavy excel Files with multiple formulae and checks into it. Which seem to [...]
This is the most important questions by any SAP Customer to have the actual costing, but without the implementation of Actual Costing Material Ledger components of SAP CO Module, As any SAP Customer don’t want to go into the complexity of Material Ledger, though it is the standard options of the Actual Costing by SAP, [...]
Facts of the Topic: The export sales from any manufacturing locations or depot. Gets posted in SAP system at the time of dispatch of the material from the source locations: Following accounting entries gets generated. For: Delivery: COGS A/c Dr. To FG Inventory A/c Cr. For: Billing: Customer A/c Dr. To Sales Revenue A/c. Cr [...]