Product Cost Controlling (CO-PC) in SAP - Real-Life Scenario
4.2 (105 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
565 students enrolled

Product Cost Controlling (CO-PC) in SAP - Real-Life Scenario

Learn how Product Costing (CO-PC) works in SAP through a real-life end-to-end scenario.
4.2 (105 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
565 students enrolled
Created by Tim Hebb
Last updated 10/2018
English
Price: $64.99
30-Day Money-Back Guarantee
This course includes
  • 3.5 hours on-demand video
  • 2 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • After taking this course, I guarantee that you will have a good understanding of how Product Costing works in SAP. You will be able to create advanced costing scenarios in the system and understand how Costing is integrated with Financial Accounting and Production Planning.
Requirements
  • Some very basic SAP knowledge.
  • Access to IDES environment helps you to set up the costing scenario we will be building.
Description

Product Cost Controlling (CO-PC) in SAP is very simple and easy.

But why is everyone saying that Product Costing is one of the most complicated topics in SAP?

The reason is that 99% of the learning material available for Costing and Controlling is completely useless. You can’t learn how the system works by listening for hours how someone is mechanically going through different configuration screens one by one, mostly just reading training materials provided by SAP itself that are too cryptic to offer you any clue what different configuration options actually mean in practice.

I too first struggled with costing and could not really grasp the overall picture how things really work in the system. Everything changed when one of my colleagues saw my pain and showed me how product costing was maintained for one of the companies he was working for. After spending just a few hours in the system, I had a crystal-clear understanding of how costing in SAP works. All it took was a one real-life example to see how simple the topic actually is.

This is what this course will be offering to you. We will be building a realistic end-to-end costing scenario that is based on a real-life example.

In this course, we will not be going through every single costing related configuration screen in detail as this is usually just a waste of your time. Once you understand how one complete costing scenario is set up and how the costs are flowing inside the system, it is fast and easy for you to start expanding your knowledge on your own and become a true expert of the topic.

As Product Costing can’t be discussed without also discussing Cost Elements and Cost Centers, we will also go through all the fundamentals of Controlling (CO). So you do not need to have any prior experience with the Controlling module to take this course.

I guarantee that after this course, you have a good overall understanding how costing works in the system and you will be ready to start implementing advanced costing scenarios in the system. My promise to you is that this will be the best SAP course you have ever taken.


The structure of this course is the following. We will first start with a short slide set that introduces our costing scenario that is based on a real-life company. The slide deck also introduces the most fundamental terms and concepts related to product costing. I know that I have made a big fuss about explaining costing through a real example in the system and not through slides but please bear with me. We will not use too much time going through the slides and we will be playing around in the system before you know it.

After we have finished our short theory session, we will start looking at how costs are planned in the system. Cost planning is essential for the creation of material costs estimates that decide how goods are valued in financial postings and in a company’s balance sheet. Cost planning also gives us information that can be used for managerial decision making and allows us to compare actual costs to cost estimates.

The final part of the course is about the actual costs: We will go through what happens in costing during actual manufacturing process and will see how cost controlling is linked with Production Planning and Financial Accounting.

 

This course is especially designed for people who have started to read a 1,000 pages SAP Controlling manual and given up after the first 100 pages after countless chapters of irrelevant background information and no realistic examples how things actually work in practice. The unfortunate truth is that SAP consultants don’t know how to teach SAP. But I’m too shy to claim that I make an exception to this rule. Every second of my video lectures is designed to expand your knowledge as fast as possible.

 Sign up for my course and I promise that it will be the best investment you have ever made for your SAP career.

Who this course is for:
  • If you want to learn how Product Cost Controlling in SAP works through a realistic end-to-end costing scenario, this is the course for you.
Course content
Expand all 34 lectures 03:15:41
+ Part 2: Cost Planning
18 lectures 01:56:06
2.1.1 Master Data - Cost Elements
05:26
2.1.2 Master Data - Cost Centers
05:01
2.1.3 Master Data - Activity Types
02:54
2.1.4 Master Data - Material Master Data
10:00
2.1.5 Master Data - Bill of Materials
03:11
2.1.6 Master Data - Master Recipe
16:33
2.1.7 Master Data - Statistical Key Figures
01:41
2.2.1 Activity Independent Cost Planning
06:07
2.2.2 Activity Quantity Planning
03:12
2.2.3 Statistical Key Figure Planning
01:33
2.2.4 Distribution Cycles for Planned Costs
05:21
2.2.5 Assessment Cycles for Planned Costs
03:07
2.2.6 Cost Splitting for Planned Costs
02:14
2.2.7 Planned Activity Price Calculation
02:11
2.2.8 Costing Sheet Configuration
07:58
2.2.9 Costing Variant, Valuation Variant & Cost Component Structure
21:33
2.2.10 Costing Run
15:37
+ Part 3: Actual Costing
14 lectures 57:44
3.0 Introduction to Actual Costing
04:15
3.1 Creating a Process Order
09:50
3.2 Posting Goods Issue & Confirming Activities
11:07
3.3 Posting Goods Receipt
05:56
3.4.1 Month-End Closing - Posting Actual Costs
03:47
3.4.2 Month-End Closing - Actual SKF Values
02:05
3.4.3 Month-End Closing - Actual Distributions & Assessments
02:30
3.4.4 Month-End Closing - Actual Cost Splitting & Actual Activity Price Calc.
01:44
3.4.5 Month-End Closing - Actual Costing Sheet Overhead Calculation
01:42
3.4.6 Month-End Closing - Order Revaluation
02:11
3.4.7 Month-End Closing - Work-in-Progress & Variance Calculation
04:40
3.4.8 Month-End Closing - Settlement Posting
04:45
3.4.9 Month-End Closing - Distribution of Usage Variances
02:03
3.5 Closing Remarks
01:09