What is value type in SAP CO - Controlling?

SAP Term: value type

• Component: CO

• Component Name: Controlling

• Description: An indicator that distinguishes between costs such as: Actual costs Planned costs Target costs

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• Key Concepts: 
  Value type is a component of SAP Controlling (CO) that is used to classify cost elements. It is used to determine the type of cost element, such as a cost center, order, or internal order. It also helps to determine the type of account assignment that can be used for the cost element. 
  
  How to use it: 
  Value types are used in the configuration of cost elements in SAP Controlling. When creating a new cost element, the value type must be specified. This will determine the type of account assignment that can be used for the cost element. The value type also determines how the cost element will be displayed in reports and other documents. 
  
  Tips & Tricks: 
  When configuring a new cost element, it is important to select the correct value type. This will ensure that the cost element is correctly classified and can be used for the intended purpose. It is also important to ensure that the value type is compatible with other components of SAP Controlling, such as account assignment objects and cost centers. 
  
  Related Information: 
  For more information on value types in SAP Controlling, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_CONTROLLING/731/en-US.