What is intangible goods in SAP CO-PC - Product Cost Controlling?

SAP Term: intangible goods

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: Goods without physical substance, for which costs are planned, analyzed, and settled. &EXAMPLE& Services Radio and television programs

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• Key Concepts: 
  Intangible goods are non-physical items that have value and can be bought and sold. In SAP, intangible goods are managed through the CO-PC Product Cost Controlling component. This component allows companies to track the costs associated with intangible goods, such as research and development costs, marketing costs, and licensing fees. 
  
  How to use it: 
  The CO-PC Product Cost Controlling component allows companies to track the costs associated with intangible goods. This includes tracking the cost of research and development, marketing, and licensing fees. The component also allows companies to track the cost of production for intangible goods, such as software or digital products. 
  
  Tips & Tricks: 
  When using the CO-PC Product Cost Controlling component to manage intangible goods, it is important to ensure that all costs associated with the product are accurately tracked. This includes both direct and indirect costs, such as labor costs, overhead costs, and materials costs. Additionally, it is important to ensure that all relevant taxes and fees are accounted for when tracking the cost of intangible goods. 
  
  Related Information: 
  The CO-PC Product Cost Controlling component is part of SAP’s ERP system. It is used in conjunction with other components such as FI-CO Financial Accounting and Controlling, MM Materials Management, and SD Sales and Distribution. Additionally, it is important to note that the CO-PC Product Cost Controlling component is not limited to managing intangible goods; it can also be used to manage physical products as well.