Product Cost Controlling
FinanceDefinition
Product Cost Controlling is a component of SAP that helps in managing the costs associated with manufacturing products.
Detailed Description
Product Cost Controlling (CO-PC) is a critical functionality within SAP that focuses on tracking and managing the costs related to the production of goods. It enables businesses to perform cost analysis, cost allocation, and cost planning to ensure efficient production cost management. The component supports various costing methods such as standard costing and actual costing, and integrates seamlessly with other SAP modules like Material Management and Financial Accounting, providing a comprehensive view of production operations and costs.
Key Features
- Cost component split analysis
- Cost object controlling
- Integration with other SAP modules such as MM and FI
- Product cost planning and management
- Standard and actual cost calculation
Common Modules
SAP Financial Accounting (FI)
Works with FI for comprehensive financial reporting and analysis.
SAP Material Management (MM)
Integrates with MM for material cost management and procurement processes.