328 SAP FI/CO (QUESTIONS AND ANSWERS)
Correspondence: This, in FI, refers to all the printed correspondence – such as
dunning notices, payment notifications, order confirmations, etc. – of a company.
Cost Base: This, in CO-PC, refers to the quantity on which the costs of a product
are based.
Cost Center: One of the cost objects in controlling, a ‘cost center’ represents
the location for cost occurrence or collection. The cost centers can be defined based
on ‘functional requirements’ or ‘allocation criteria’ or ‘responsibility for internal
management’ or just as physical locations.
Cost Center Group: A collection of a number of cost centers, grouped according
to certain criteria.
Cost Center Hierarchy: A hierarchical arrangement of cost centers ...