SAP CO Product Costing-"By Sales Order Scenario" S/4 HANA
What you'll learn
- Students will able to get complete Knowledge of SAP CO Product Costing-By Sales Order Scenario in S4 HANA 1909
- Basic Knowledge of Finance and Costing topics.
- For Understanding of Product Costing Flow - Please refer my earlier Course "SAP CO Product Costing-By Order Scenario in S4 HANA 1909"
- SAP Freshers also with Domain/Industry Knowledge.
Product Cost by Sales Order is an essential aspect of SAP CO. It helps organizations accurately track costs related to specific sales orders, ensuring profitability and accurate financial reporting.
Product Cost by Sales Order:
Concept and Explanation of MAKE TO ORDER:
Make to Order (MTO) involves producing products only after receiving a specific customer order.
This strategy offers personalized products but may lead to longer lead times.
Product Cost by Sales Order Concept:
This is about determining costs at the sales order level.
Instead of general product costing, costs are tracked per specific sales orders.
Valuated and Non-Valuated Concept:
Valuated: The stock is valuated at the sales order level, meaning it has a monetary value assigned.
Non-Valuated: The stock isn't assigned a monetary value at the sales order level but at a higher (like the plant) level.
4-6. Sales Order Costing Processes:
Without Sales Order Controlling Object (Valuated): Here, costs are determined at the sales order level but without an order controlling object.
With Sales Order Controlling Object (Valuated): Costs are determined at the sales order level using a controlling object.
With Sales Order Controlling Object (Non-Valuated): Costs are tracked with a controlling object but stock isn't valuated at the sales order level.
Result Analysis Calculation of Sales Order and its Settlement:
Ensures that all costs and revenues from a sales order are correctly recognized in financial accounting, even if they occur in different periods.
Sections A through J lay out the steps and configurations needed to implement Product Cost by Sales Order in SAP, from setting up Costing Variants to testing various scenarios and finally obtaining relevant reports.
Who this course is for:
- CPA , CMA , ACCA , CA , MBA , M Com,B Com students and Professionals, SAP FICO Consultants and End Users.
o 13 years and 6 months of "SAP CO Consultant" (S/4 HANA . ECC & R/3) and 6 + years functional (Non-SAP). Total 20+ years of experience
o 10 Implementations & 13 support projects experience in SAP ECC & S4/HANA CO Product Costing, Material Ledger & COPA, Cost center, Profit Center, Internal Order accounting
o Experience in ECC and S4 HANA 1610, 1809 ,1909, 2020, 2021 and 2022 on premise.
Industry Sectors: Cement, Pharma, Steel, Engineering, Chemicals, Foundries and Mining.
o Master of Business Administration (M.B.A) in Finance from Sri Venkateshwara University, 2003.
o Trained SAP CO Course from Authorized training center ATOS Earlier SIEMENS in 2009.
o SAP S4 HANA 1909 & ECC 6.0 Certified
o Ph.D. (Costing) Pursuing: Research Topic-"Product Costing Techniques and Variance Analysis".