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Configuring SAP® ERP Financial and Controlling by John Burger, Peter Jones

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Explanation of CO Updates

One of the more difficult and critical SAP topics to learn is how costs flow through the CO module. The concepts of object type, object class, and real versus statistical postings are foreign to most individuals. The key to understanding this is to recognize that CO activity is tracked for management reporting only. It is not subject to statutory accounting or reporting requirements. The CO module is governed by the rules of cost accounting assignments and internal/external movements. Of these concepts, internal CO activity movements are possibly the most difficult to understand. Just remember that if you have posted $1,000,000.00 into CO and assigned a cost object and cost element to these postings, if you run a CO ...

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