What is Overhead Cost Controlling in SAP CO - Controlling?

SAP Term: Overhead Cost Controlling

• Component: CO

• Component Name: Controlling

• Description: The activities related to the coordination, monitoring and optimization of overhead costs. By analyzing areas of responsibility cost centers and individual orders and projects, Overhead Cost is used for the display of business information to aid strategic enterprise decision-making.

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• Key Concepts: 
  Overhead Cost Controlling (CO-OM) is a component of SAP's Controlling (CO) module. It is used to manage and monitor overhead costs, such as administrative costs, production costs, and other indirect costs. It helps to ensure that the costs are allocated correctly and that the budget is not exceeded. 
  
  How to use it: 
  The Overhead Cost Controlling component of SAP's Controlling module can be used to create cost centers, cost elements, and cost objects. Cost centers are used to group overhead costs into categories, such as administrative or production costs. Cost elements are used to assign specific overhead costs to a cost center. Cost objects are used to assign overhead costs to specific activities or projects. 
  
  Tips & Tricks: 
  When setting up Overhead Cost Controlling in SAP, it is important to ensure that the cost centers, cost elements, and cost objects are set up correctly. This will help ensure that the overhead costs are allocated correctly and that the budget is not exceeded. 
  
  Related Information: 
  For more information on Overhead Cost Controlling in SAP, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_ERP_Central_Component/6.0/en-US/f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9/.