Lecture 4 - Cost Element Accounting Overview

In this lecture I will introduce cost elements and their function. We will look at

• Cost Elements and their relationship with GL Accounts
• Get an overview of the principles for creating cost elements and why they need to exist.

The transactions used in this lecture are:

SPRO - Implementation Guide (IMG)

FS03 - Display GL Account

KAH3 - Display Cost Element Group

KA03 - Display Cost Element

FB50 - Post Document

S_ALR_87013611 - Cost Centers: Actual/Plan/Variance