Mastering SAP Data Management with McKinsol’s Intelligent Data Management Express (iDMX)

636 results

  1. Enhance Cost Center Variance Reporting for Manufacturing Organizations

    Discover how having detailed activity types map to each work center level can provide you with detailed variance analysis at the cost centers. Key Concept Activity types specify the manufacturing activities produced in plant-related cost centers. Multiplying activity types used in the production process through the assigned production cost centers creates more transparency and provides...…

  2. What Are Target Costs in Cost Center Accounting and Why Should You Calculate Them?

    Many reports that monitor cost center performance are incomplete because they account for the planned output rather than the actual output of the cost center. The author demonstrates how to use adjusted costs called target costs. Calculating target costs will provide you with a report that more accurately reflects the performance of your cost centers....…

  3. Improve Your Cost Center Planning with Driver-Based Planning

    See how to plan cost center activities automatically with driver-based planning. Learn how it works in both manufacturing and service departments. Key Concept Driver-based planning is a best practice in the manufacturing industry, in which companies often use the sales plan as a starting point for the production plan and the production plan to determine...…

  4. 11 Steps for Changing a Cost Center Hierarchy

    A strong cost center hierarchy is necessary for analyzing your company’s performance. If your structure is not meeting your needs, try this 11-step process to develop a new, more effective cost center hierarchy. This process is best suited for small- to medium-sized companies. Key Concept A company must have a logical grouping of costs to...…

  5. Refresh the Look of the Master Data in Cost Center Accounting with a New Business Function

    Learn how to activate an alternative set of Web applications to maintain the master data in SAP Managerial Accounting (CO). Configure them to meet your organization’s needs, showing only the fields you actually use and positioning the various screen parts so that users can focus on what’s important. Key Concept The technology behind the new...…

  6. A Hidden Process in the Routing Helps Assign Activities from Multiple Cost Centers to One Operation

    Using the example of a quality control process in a fertilizer factory, the author shows how to use business processes in recipes to map activities from different cost centers to one operation. The method also applies for mapping multiple costs center to a network activity if you are using the R/3 Project System module. Have...…

  7. Introduce Budget Availability Control into Cost Center Accounting

    Learn how you can configure budget availability control for your Cost Centers with simple customizing steps. Key Concept Budget availability control in the managerial accounting (CO) and Project System (PS) modules is a standard SAP functionality that automates budget control through warnings and error messages. It also can send notification emails automatically to respective budget...…

  8. Use the Indirect Activity Allocation Cycle to Calculate and Post Sender Activity Quantities

    The indirect activity allocation cycle can be useful for allocating activity costs from one cost center to another. When it is difficult to determine how much activity to post from one cost center to another, you can use a method that involves the automatic calculation of activity quantities. Understanding how to set up the master...…

  9. Hone Your Manufacturing Cost Understanding for Better Decision Making

    When a product is manufactured, an accounting entry is automatically made each time that a posting is made in the production process. Some of these postings take place in FI, while others are posted only in CO. Follow the flow of these accounting entries and understand the reconciliation process between FI and CO. Key Concept...…

  10. Use the Primary Cost Component Split to Explain the Factors Behind Your Activity Rates

    You probably know that manufacturing costs are charged to production orders using an activity rate for the time worked. What you might not realize is that since Release 4.0, it has been possible to set up an alternative cost component split to view primary costs such as energy, wages, and depreciation. Without the split, these...…