What is Cost Objects in SAP EPM-PCM - SAP BusinessObjects Profitability and Cost Management?

SAP Term: Cost Objects

• Component: EPM-PCM

• Component Name: SAP BusinessObjects Profitability and Cost Management

• Description: The dimensions that represent the outputs of an organization, e.g. products, customers, channels.

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  Key Concepts: 
  Cost Objects are the basic elements of the SAP BusinessObjects Profitability and Cost Management (EPM-PCM) component. They are used to define and analyze the costs associated with a particular activity or product. Cost Objects can be used to track costs across multiple dimensions, such as cost centers, products, and customers. They can also be used to analyze profitability and cost trends over time. 
  
  How to use it: 
  Cost Objects can be created in the SAP BusinessObjects Profitability and Cost Management (EPM-PCM) component. Once created, they can be used to track costs associated with a particular activity or product. The cost object can then be used to analyze profitability and cost trends over time. 
  
  Tips & Tricks: 
  When creating a cost object, it is important to ensure that all relevant information is included. This includes the cost center, product, customer, and any other relevant information that may be needed for analysis. Additionally, it is important to ensure that the cost object is updated regularly in order to accurately reflect changes in costs over time. 
  
  Related Information: 
  For more information on Cost Objects in SAP BusinessObjects Profitability and Cost Management (EPM-PCM), please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_BUSINESSOBJECTS_PROFITABILITY_AND_COST_MANAGEMENT/7.5/en-US