What is cost element category in SAP CA-MDG-APP - Applications?

SAP Term: cost element category

• Component: CA-MDG-APP

• Component Name: Applications

• Description: The classification of cost elements according to their usage or origin. Examples of cost element categories are: Material cost elements Settlement cost elements for orders Cost elements for allocating internal activities

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• Key Concepts: 
  Cost element category is a component of the SAP Master Data Governance (MDG) application. It is used to classify cost elements into different categories, such as personnel costs, material costs, and overhead costs. This helps to organize and manage cost elements more efficiently. 
  
  How to use it: 
  In order to use cost element category, you must first create a cost element in the SAP system. Once the cost element is created, you can assign it to a cost element category. This will help you to easily identify and manage the cost elements in the system. 
  
  Tips & Tricks: 
  When creating a cost element category, it is important to make sure that the categories are clearly defined and easy to understand. This will help you to quickly identify and manage the cost elements in the system. 
  
  Related Information: 
  For more information on how to use cost element category in SAP MDG, please refer to the official SAP documentation. Additionally, there are many online tutorials available that can help you learn more about this feature of SAP MDG.