What is totals value in SAP CO - Controlling?

SAP Term: totals value

• Component: CO

• Component Name: Controlling

• Description: A statistical key figure that is posted in the current posting period only. Totals values tend to change from period to period, so they are not carried forward to subsequent periods and must be entered individually for each period.

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• Key Concepts: 
  Totals value is a term used in SAP Controlling (CO) to refer to the total value of a cost element or cost center. It is calculated by summing up all the costs associated with the cost element or cost center. This value is used to compare actual costs against budgeted costs and to analyze the performance of the cost element or cost center. 
  
  How to use it: 
  In SAP Controlling, the totals value of a cost element or cost center can be accessed by navigating to the “Cost Element” or “Cost Center” tab in the CO module. Once there, select the desired cost element or cost center and click on “Totals Value”. This will display the total value of the selected cost element or cost center. 
  
  Tips & Tricks: 
  When viewing the totals value of a cost element or cost center, it is important to note that this value does not include any overhead costs associated with the cost element or cost center. To get an accurate view of total costs, it is necessary to include overhead costs in the calculation. 
  
  Related Information: 
  For more information on how to use totals value in SAP Controlling, please refer to SAP’s official documentation on CO Controlling. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use totals value in SAP Controlling.