Mastering Costing Techniques in SAP S/4HANA 2023 CO Module

Name: Mastering Costing Techniques in SAP S/4HANA 2023 CO Module
Rating: 4.5 (2 reviews)

13 th Batch Session Discussion- SAP S/4 HANA 2023: End to End "Controlling/Costing Process"

Created byKaranam Sreedhar : SAP S/4 HANA Controlling-SME, Author & Trainer

Last updated 11/2024

English

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What you'll learn

SAP S/4HANA2023 Controlling module
Standard Costing/Product Costing scenarios. (MTS, MTO, ETO etc..,)
Actual Costing/Material Ledger scenarios( Transfer Price)
Marginal Costing/COPA
Over head accounting ( Cost center accounting, Activity based Costing)

Course content

1 section • 21 lectures • 69h 8m total length

Day 1 Session3:08:23
Explore costing techniques in SAP S/4HANA CO module, including cost sheets, prime costs, factory overheads, and COGM/COGS across make-to-stock, make-to-order, and engineer-to-order, with discrete and repetitive manufacturing.
Day 2 Session3:23:07
Explore configuring enterprise structure and currency management in SAP S/4HANA, including chart of accounts, GL accounts, cost elements, fiscal year variants, posting periods, and material ledger integration.
Day 3 Session3:42:58
Learn how to design GL accounts for SAP S/4HANA costing, configure procure-to-pay postings, and apply price control concepts across procurement, production, and sales.
Day 4 Session3:16:54
Master SAP costing by building a cost component structure, cost sheet, covering direct material and labor, factory overheads, indirect costs, and costing variants such as standard, actual, and marginal.
Day 5 Session3:27:09
Learn how to model SAP cost components, link material costs and overhead to cost centers and profit centers, and configure activity types, cost elements, and planning to support internal reporting.
Day 6 Session3:22:28
Explore SAP S/4HANA costing concepts, including cost centers with activity type plan, casting sheets, templates, and casting variants, and their integration with Cop26, KB26, and material and conversion costs.
Day 7 Session3:43:21
Activate the material ledger in SAP S/4HANA to enable actual costing and parallel valuation, capturing receipts and consumption, and calculating price differences, month-end variances, and supporting multiple currencies.
Day 8 Session3:22:20
Explore how to run standard cost estimation in SAP S/4HANA via k11, explaining itemization, cost components, and how indirect costs flow to primary cost elements.
Day 9 Session3:44:33
Explore month-end costing in SAP S/4HANA CO using production orders, template allocations, and cost centers to manage actual and applied costs, revaluations, and settlements.
Day 10 Session3:30:27
Explore actual costing in SAP S/4HANA CO: standard vs actual costing, price and exchange rate differences, material ledger, and CML-CP roll-up from raw materials to finished goods.
Day 11 Session3:28:21
Explore subcontracting in SAP S/4HANA by comparing internal manufacturing with external operations, including production orders, purchase orders, and external expenses posting. Learn mixed costing, split valuation, and standard cost estimation.
Day 12 Session3:12:45
Explore co-product and by-product costing in SAP S/4HANA CO. Learn joint production cost allocation, source structures, and equivalence numbers, plus standard versus actual costing with BOM and routing.
Day 13 Session3:25:57
Master make-to-order costing in SAP S/4HANA 2023 CO module by comparing valuated stock vs non-validated stock and understanding how sales order controlling objects drive postings and profitability.
Day 14 Session3:18:35
Explore the non-validated costing scenario in SAP CO where no accounting entries occur during MIGO, and how product cost collectors enable cost tracking and profitability reporting in repetitive manufacturing.
Day 15 Session3:28:29
Explore MTS, MTO, and engineering-to-order costing in SAP S/4HANA, showing how WBS elements and projects drive production orders, cost estimation, and profitability analysis across PS and SD integration.
Day 16 Session3:25:28
Explore transfer pricing in sap s/4hana costing, covering intercompany and intra transfers, legal, group, and profit center valuations, material ledger with multiple currencies and standard cost estimation.
Day 17 Session-11:44:46
Explore profit center allocation for raw materials and finished goods, and use material ledger distribution usage variance with physical inventory counts to adjust production order costings.
Day 17 Session-21:35:06
Explore cost component structure and cogs split in SAP S/4HANA, including cloud versus on-premise approaches. Learn material ledger actual costing, standard cost estimation, and GL account mapping for profitability analysis.
Day 18 Session3:23:07
Learn to master cost variance in SAP S/4HANA CO by understanding price variance split vs COGS split, including input/output variance categories, casting sheet, and predictive accounting for sales orders.
Day 19 Session3:32:07
Discover COPA realignment in SAP S/4HANA 2023 CO module to correct material group and update profitability segments without canceling sales orders, via background jobs and test monitors.
Day 20 Session-FINAL Session3:52:22
Master costing techniques in SAP S/4HANA CO through multilevel manufacturing from raw material to SFG and FG with BOM and routing; covers standard cost estimation, overhead allocation, and month-end settlement.

Requirements

SAP FI & CO basic knowledge is required and also Accounting Knolwegde

Description

Course Overview: Mastering Costing Techniques in SAP S/4HANA 2023 CO Module

Welcome to our comprehensive course, specifically designed to provide a deep dive into Costing Techniques in SAP S/4HANA 2023 CO Module. This course aims to equip you with the knowledge and hands-on skills necessary to master the various components of Costing in SAP, from the foundational setup to the intricate processes of Actual Costing.

Key Learning Modules:

Organizational Structure:
- Understanding the SAP Controlling (CO) module’s integration within the overall SAP S/4HANA architecture.
- Configuring key elements such as Controlling Areas, Cost Centers, and Profit Centers.
- Best practices for aligning the organizational structure with business needs.
Master Data Management:
- Detailed exploration of master data essentials, including cost elements, cost centers, internal orders, and activity types.
- Strategies for maintaining accurate and up-to-date cost-relevant data.
- Master data relationships and their impact on cost flows.
Cost Allocation Methods:
- Allocation techniques including distributions, assessments, and activity allocation.
- Practical examples demonstrating how to effectively allocate costs to ensure accurate cost reporting.
- Leveraging SAP standard reports to monitor cost allocation efficiency.
Product Costing:
- End-to-end walkthrough of Product Cost Planning (PCP), including cost estimates and cost component structures.
- Variability analysis and how to adapt costing methods for different manufacturing scenarios (e.g., make-to-stock vs. make-to-order).
- Hands-on practice with standard costing, planned costing, and actual costing integration.
Overhead Management:
- Configuring and managing overheads for production orders and internal orders.
- Techniques for applying overhead surcharges and automating overhead calculations.
- Reporting on overhead costs and analyzing their impact on overall profitability.
Material Ledger and Actual Costing:
- Setting up the Material Ledger to enable parallel valuation and multi-currency support.
- In-depth guide to actual costing runs and periodic settlement.
- Analyzing the results of actual costing and understanding their implications for financial reporting and variance analysis.
Profitability Analysis (CO-PA):
- Introduction to Margin Analysis ( Account-based CO-PA).
- Configuring profitability segments and generating reports that provide insights into product and customer profitability.

Course Benefits:

Practical Experience: Gain hands-on experience with real-world examples and system walkthroughs.
Expert Guidance: Learn from instructor with deep expertise in SAP Controlling and Costing.
Comprehensive Coverage: From foundational concepts to advanced techniques, this course covers every aspect necessary for mastering SAP S/4HANA costing processes.
Career Enhancement: Equip yourself with skills highly sought after in the SAP consulting and corporate finance fields.

Whether you are an SAP consultant, financial analyst, or business controller, this course is tailored to enhance your understanding and application of costing strategies in SAP S/4HANA.

Who this course is for:

All Commerce, Accounts, Finance and Management accounting back ground persons..