Management Accounting Business Process Configuration with SAP ERP

A collection of flashcards based on key vocabulary from the Management Accounting Business Process Configuration lecture.

Management Accounting

The process of analyzing and presenting financial data to support management decisions.

Product Costing

Calculate the costs of creating a product or delivering a service.

Overhead Management

Track and allocate indirect costs that cannot be directly attributed to a product.

Profitability Accounting

Evaluate and assess profitability of different parts of the enterprise.

Cost Center Accounting

Records and manages the costs incurred in specific cost centers.

Internal Orders

Temporary cost monitoring structures used to track costs for specific tasks or projects.

Statistical Key Figures

Basis for allocating costs in periodic allocations, such as square footage.

Settlement

A technique used to allocate accumulated costs in internal orders.

Primary Cost Elements

Cost elements associated with general ledger accounts used in financial accounting.

Secondary Cost Elements

Cost elements used for transfer of costs within controlling and not associated with general ledger accounts.