What is costs that can be capitalized in SAP CO-PC - Product Cost Controlling?

SAP Term: costs that can be capitalized

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: The costs for which there is an option to capitalize. These are the costs that can be capitalized under commercial and tax law but for which there is no legal requirement to do so. For the calculation of work in process and for results analysis, you can specify that there is an option to capitalize for certain values.

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• Key Concepts: 
  Costs that can be capitalized are costs that are incurred in the production of a product or service and can be recorded as an asset on the balance sheet. In SAP Product Cost Controlling (CO-PC), these costs are tracked and managed to ensure that they are properly accounted for. 
  
  How to use it: 
  In SAP Product Cost Controlling, costs that can be capitalized are tracked and managed using the cost element structure. This structure allows for the tracking of costs at different levels of detail, such as by cost element, cost center, or order. The cost element structure also allows for the tracking of costs over time, so that changes in costs can be monitored and managed. 
  
  Tips & Tricks: 
  When tracking costs that can be capitalized in SAP Product Cost Controlling, it is important to ensure that all costs are properly accounted for. This includes both direct and indirect costs, as well as any overhead costs associated with production. Additionally, it is important to ensure that all costs are properly allocated to the appropriate cost elements and cost centers. 
  
  Related Information: 
  For more information on SAP Product Cost Controlling, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to use SAP Product Cost Controlling to track and manage costs that can be capitalized.