What is hierarchy node in SAP CO-PC - Product Cost Controlling?

SAP Term: hierarchy node

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A node in a cost object hierarchy that can be either a cost object node, or a single object assigned to a cost object hierarchy such as a material.

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• Key Concepts: 
  A hierarchy node is a component of the SAP CO-PC Product Cost Controlling module. It is used to structure cost elements and cost centers into a hierarchical structure. This structure allows for easier navigation and analysis of cost data. 
  
  How to use it: 
  Hierarchy nodes are used to create a hierarchical structure of cost elements and cost centers. This structure can be used to analyze cost data in a more organized way. To create a hierarchy node, the user must first define the cost elements and cost centers that will be included in the node. Then, the user must assign each element or center to a specific level in the hierarchy. Finally, the user must assign each element or center to a parent node in the hierarchy. 
  
  Tips & Tricks: 
  When creating a hierarchy node, it is important to consider how the data will be used. For example, if the data will be used for reporting purposes, it may be beneficial to create multiple levels in the hierarchy so that data can be broken down into more detailed categories. Additionally, it is important to ensure that all elements and centers are assigned correctly so that the data can be accurately analyzed. 
  
  Related Information: 
  For more information on SAP CO-PC Product Cost Controlling, please refer to SAP’s official documentation at https://help.sap.com/viewer/product/SAP_CO-PC/latest/en-US.