What is cost estimate type in SAP AP-COS - FIN Costing?

SAP Term: cost estimate type

• Component: AP-COS

• Component Name: FIN Costing

• Description: An attribute of a cost estimate that defines the purpose of the cost estimate and the possible types of cost objects. Examples of cost estimate types: Standard cost estimate Actual cost estimate Balance sheet valuation cost estimate Production order cost estimate Project cost estimate

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• Key Concepts: 
  Cost estimate type is a component of the SAP AP-COS FIN Costing module. It is used to define the characteristics of a cost estimate, such as the cost estimate type, cost estimate category, and cost estimate version. The cost estimate type is used to differentiate between different types of cost estimates, such as standard, actual, and budgeted. 
  
  How to use it: 
  The cost estimate type is used to create a cost estimate in SAP. To create a cost estimate, go to the Cost Estimate Type tab in the SAP AP-COS FIN Costing module. Select the desired cost estimate type from the drop-down list and enter the required information. Once all the information is entered, click “Save” to create the cost estimate. 
  
  Tips & Tricks: 
  When creating a cost estimate, it is important to select the correct cost estimate type. This will ensure that the correct information is entered into the system and that the cost estimates are accurate. Additionally, it is important to keep track of all cost estimates created in SAP so that they can be easily accessed when needed. 
  
  Related Information: 
  For more information on SAP AP-COS FIN Costing and how to use it, please refer to the official SAP documentation or contact your local SAP support team. Additionally, there are many online resources available that provide tutorials and tips on how to use SAP AP-COS FIN Costing.