What is costs in SAP EPM-APP-ALLO - SAP Performance Management, Cost Allocation?

SAP Term: costs

• Component: EPM-APP-ALLO

• Component Name: SAP Performance Management, Cost Allocation

• Description: The value of use of economic goods both tangible and intangible for the creation and sale of goods and services, as well as the acquisition and maintenance of plant and machinery.

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• Key Concepts: 
  Costs are the expenses incurred by a company in order to produce goods or services. In SAP Performance Management, Cost Allocation is a tool that allows companies to allocate costs to different departments or activities. This helps companies better understand their costs and make more informed decisions about how to allocate resources.
  
  How to use it: 
  Cost Allocation in SAP Performance Management allows users to assign costs to different departments or activities. This can be done manually or automatically, depending on the user’s preference. The tool also allows users to view cost reports and analyze the data to gain insights into their cost structure.
  
  Tips & Tricks: 
  When using Cost Allocation in SAP Performance Management, it is important to ensure that all costs are accurately allocated. This will help ensure that the data is accurate and can be used for more informed decision-making. Additionally, it is important to regularly review cost reports and analyze the data in order to identify areas of improvement.
  
  Related Information: 
  For more information on Cost Allocation in SAP Performance Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/EPM-APP-ALLO/SAP_PERFORMANCE_MANAGEMENT/en-US