SIA

0.0(0)
studied byStudied by 0 people
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/21

flashcard set

Earn XP

Description and Tags

sadasd

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

22 Terms

1
New cards

Client

an independent environment in the system.

2
New cards

Company Code

the smallest organizational unit where a legal set of books can be maintained. As the law requires, a balanced set of books are prepared at this level.

3
New cards

Controlling Area

a self-contained unit for which revenues and expenses can be managed. It may include more than one (1) company code, making an enterprise perform management accounting analyses and reports across several companies. It also identifies and tracks where revenues and costs are incurred for evaluation.

4
New cards

Operating Concern

represents a part of an organization for which the sales market is structured uniformly. An operating profit for individual market segments can be calculated in this unit. Additionally, multiple controlling areas can be assigned to one operating concern.

5
New cards

Profit Center

It is responsible for revenue generation and cost containment. It is evaluated on profit or return on investment. Profit centers commonly divide enterprises based on region, function, and product.

6
New cards

Cost Center

It is responsible for cost containment but not for revenue generation. One or more value-added activities are performed within each cost center. Additionally, it is a unit that is distinguished, for example, by area of responsibility, location, or type of activity, such as a copy center, security department, or maintenance department.

7
New cards

Internal Order

It is a temporary cost collector responsible for cost containment but not for revenue generation. It is used to plan, collect, and monitor the costs associated with a distinct short-term event, activity, or project, such as a company picnic, trade show, or recruiting campaign.

8
New cards

Revenue Element

A one-to-one linkage or mapping between General Ledger revenue accounts and CO revenue elements is established to allow the transfer of SAP Financial Accounting (FI) revenue information to CO.

9
New cards

Cost Element

A one-to-one linkage or mapping between General Ledger expense accounts and CO cost elements is established to allow the transfer of SAP Financial Accounting (FI) expense information to CO.

10
New cards

Primary Cost Element

originates in the General Ledger within FI and is automatically transferred to CO when an FI transaction is recorded in the General Ledger

11
New cards

Secondary Cost Element

is used exclusively in CO for allocations and settlements between and amongst cost centers.

12
New cards

Primary cost elements

arise through the consumption of production factors that are sourced externally.

13
New cards

Secondary cost elements

arise through the consumption of production factors that are provided internally.

14
New cards

Secondary Cost Elements

s are used exclusively in CO to identify internal cost flows such as assessments or settlements. They do not have corresponding General Ledger Accounts in FI and are defined in CO only.

15
New cards

Statistical Key Figures

These provide the foundation for accurate and effective cost allocation between cost objectives. It is utilized to support internal cost allocations involving allocations, assessments, and distributions such as the number of employees, square footage, and minutes of computer usage

16
New cards

Distribution

It is a method for periodically allocating primary cost elements. The primary cost elements maintain their identities in sending and receiving objects. Additionally, sender and receiver cost receivers are fully documented in a unique Controlling (CO) document.

17
New cards

Assessment

It is a method for allocating both primary and secondary cost elements. The primary and/or cost elements are grouped and transferred to receiver cost centers using a secondary cost element.

18
New cards

Cost Element Master Data Maintenance

There is no separate cost element master data maintenance anymore in S/4HANA. Here are other changes regarding this innovation

19
New cards

Combining Account Assignments using Universal Journal

Universal Journal combines account assignments of Controlling (cost center, WBS element), Profitability Analysis (products, customer), and Enterprise Controlling (profit center)

20
New cards

Technical Changes in the Material Ledger

The use of the Material Ledger (ML) is now obligatory and automatically active in all SAP S/4HANA systems.

21
New cards

The ability to manage material prices in multiple currencies/valuations

Material inventory values are usually managed by the system in only one (1) currency – company code currency. The material ledger allows the system to manage inventory values in additional currencies/valuations by updating all goods movements in the material ledger.

22
New cards

Actual Costing

g to determine exact costs for externally procured materials and materials produced inhouse.