What is time base in SAP CO-PC - Product Cost Controlling?

SAP Term: time base

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: Establishes whether the data entered or collected for a cost object is for the entire life of the cost object cumulative time base or for individual periods periodic time base.

Smart SAP Assistant

• Key Concepts: 
  Time base is a feature of SAP's CO-PC Product Cost Controlling component. It is used to define the period of time for which cost calculations are to be performed. This period can be defined in terms of days, weeks, months, or years. The time base is used to determine the cost of production and other related activities. 
  
  How to use it: 
  Time base can be set up in the SAP system by going to the CO-PC Product Cost Controlling component and selecting the “Time Base” option. From there, you can define the period of time for which cost calculations are to be performed. You can also specify whether the time base should be calculated in days, weeks, months, or years. 
  
  Tips & Tricks: 
  When setting up the time base, it is important to consider the frequency of production and other related activities. This will help ensure that the cost calculations are accurate and up-to-date. Additionally, it is important to keep in mind that the time base can be changed at any time if needed. 
  
  Related Information: 
  For more information on setting up and using the time base feature in SAP's CO-PC Product Cost Controlling component, please refer to SAP's official documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.