Basics of Cost Element Accounting in SAP CO for Newbies

By erpdocs | March 13, 2016

Cost Element Accounting helps to track revenues and costs in SAP Cost Accounting System. A cost element corresponds to a cost-relevant item in the chart of accounts.

This presentation provides basics of Cost Center Accounting in SAP for beginners.

  • Cost Element Accounting: Definition, Purpose and Structure
  • Cost Element vs GL Accounting
  • Primary Cost Elements Categories
  • Secondary Cost Elements Categories
  • Cost Elements Group
  • Process Flow Diagram of Creating Cost Elements (Primary and Secondary)
  • Frequently Used Transactions in Cost Element Accounting

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