As you know, in my previous post i shared Financials End-User Manuals. In this post i will extend end-user manuals for Controlling module which you will find step by step procedures for Cost Centre and Profit Centre sub-modules similarly in previous post. Read more →
Controlling (CO) offers information to decision makers for planning, measuring and monitoring enterprise’s operations and performance. It represents the internal accounting view of an organization.
All data relevant to cost and revenue flows are created from various sources such as Financial Accounting (FI), Materials Management (MM) and Sales and Distribution (SD). The cost and revenue flows will update FI and simultaneously create equivalent postings
into CO.
As part of this process, the system assigns the costs and revenues to different CO account assignment objects like cost centers, orders, or profitability segments. The relevant accounts in FI are managed in CO as cost elements or revenue elements. Read more →