What is 'recognition key' in SAP CO-PC - Product Cost Controlling?

recognition key - Overview

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A key assigned to an object specifying that the object is to be processed in event-based revenue recognition. A number of valuation control parameters are linked to this key.

recognition key - Details

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  Key Concepts: 
  Recognition key is a feature in SAP Product Cost Controlling (CO-PC) that allows users to assign a unique identifier to a cost element. This identifier is used to recognize the cost element in the system and can be used to track and analyze costs. 
  
  How to use it: 
  To use recognition key, users must first create a unique identifier for each cost element. This can be done by assigning a code or number to each cost element. Once the recognition key has been assigned, it can be used to track and analyze costs in the system. 
  
  Tips & Tricks: 
  When creating recognition keys, it is important to ensure that each key is unique and easy to remember. It is also important to ensure that the recognition keys are consistent across all cost elements. This will make it easier to track and analyze costs in the system. 
  
  Related Information: 
  Recognition keys are similar to cost centers in SAP Product Cost Controlling (CO-PC). Cost centers are used to group costs into categories for easier tracking and analysis. Recognition keys are used to identify individual cost elements within those categories.