What is 'control costs' in SAP CO - Controlling?

control costs - Overview

• Component: CO

• Component Name: Controlling

• Description: Costs that are compared side-by-side against the target costs in the variance calculation. In Overhead Cost , the costs to be controlled are always the actual costs. In Cost Object , the costs to be controlled represent the work in progress and actual costs minus scrap or the costs from the preliminary costing for the order, in accordance with the target cost version.

control costs - Details

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  Key Concepts: 
  CO Controlling is a component of SAP software that helps organizations manage their costs. It allows users to monitor and analyze their costs, as well as plan and allocate them. This helps organizations to identify areas where they can reduce costs and increase efficiency. 
  
  How to use it: 
  CO Controlling can be used to track and analyze costs in real-time. It can also be used to create cost plans and budgets, as well as allocate costs across different departments or projects. Additionally, it can be used to identify areas where costs can be reduced or optimized. 
  
  Tips & Tricks: 
  When using CO Controlling, it is important to ensure that all data is accurate and up-to-date. Additionally, it is important to regularly review cost plans and budgets to ensure that they are still relevant and accurate. 
  
  Related Information: 
  CO Controlling is closely related to other SAP components such as Financial Accounting (FI) and Materials Management (MM). It is also closely related to other cost management tools such as Activity-Based Costing (ABC) and Cost-Volume-Profit Analysis (CVP).