What is cost object in SAP AP-COS - FIN Costing?

SAP Term: cost object

• Component: AP-COS

• Component Name: FIN Costing

• Description: An object for which costs are to be estimated. Examples: Material Production order Project

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• Key Concepts: 
  A cost object is an entity in SAP that is used to track and manage costs. It can be a product, a customer, a project, or any other item that requires cost tracking. In the AP-COS FIN Costing component, cost objects are used to assign costs to different cost centers and to track the costs of production. 
  
  How to use it: 
  In order to use cost objects in the AP-COS FIN Costing component, you must first create a cost object in the system. This can be done by entering the necessary information into the relevant fields in the system. Once the cost object has been created, it can then be assigned to different cost centers and used to track and manage costs. 
  
  Tips & Tricks: 
  When creating a cost object in SAP, it is important to ensure that all of the necessary information is entered correctly. This will ensure that the cost object is properly tracked and managed. Additionally, it is important to keep track of any changes that are made to the cost object as this will help ensure that all costs are accurately tracked and managed. 
  
  Related Information: 
  For more information on how to use cost objects in SAP, please refer to the official SAP documentation on the topic. Additionally, there are many online resources available that provide detailed tutorials on how to use cost objects in SAP.