Cost center is a cost element classifies the
organization's valuated consumption of production factors within a controlling
area.
Cost center is an organizational unit within a controlling area that represents a defined location of cost incurred. It can be defined based on various criteria such as functional requirements, allocation criteria,physical location etc.
Cost center is an organizational unit within a controlling area that represents a defined location of cost incurred. It can be defined based on various criteria such as functional requirements, allocation criteria,physical location etc.
Primary Element -
Primary costs that originate outside the company; relate directly to the income statement in FI and must be
included in the FI Chart of Accounts.
All Primary cost elements gets linked to Income statement.
Primary costs that originate outside the company; relate directly to the income statement in FI and must be
included in the FI Chart of Accounts.
All Primary cost elements gets linked to Income statement.
Secondary Element -
Secondary costs that result from internal allocation activities; NO relation to G/L accounts in FI. These
accounts are exclusively for cost accounting and are only maintained in CO.
Secondary costs that result from internal allocation activities; NO relation to G/L accounts in FI. These
accounts are exclusively for cost accounting and are only maintained in CO.
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