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

SAP Term: Responsibility Centers

• Component: EPM-PCM

• Component Name: SAP BusinessObjects Profitability and Cost Management

• Description: A dimension for items that define the business units of a model e.g. departments.

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• Key Concepts: 
  Responsibility Centers are a key component of SAP BusinessObjects Profitability and Cost Management (EPM-PCM). They are used to define the organizational structure of a company, and to assign costs and revenues to different areas of the business. Responsibility Centers can be used to analyze profitability, cost allocation, and performance management. 
  
  How to use it: 
  Responsibility Centers are created in the SAP BusinessObjects Profitability and Cost Management application. They can be used to assign costs and revenues to different areas of the business, such as departments, divisions, or product lines. The Responsibility Centers can then be used to analyze profitability, cost allocation, and performance management. 
  
  Tips & Tricks: 
  When creating Responsibility Centers in SAP BusinessObjects Profitability and Cost Management, it is important to ensure that they are properly defined and assigned. This will ensure that the data is accurately analyzed and reported. Additionally, it is important to keep the Responsibility Centers up-to-date as the organizational structure of the company changes. 
  
  Related Information: 
  For more information on Responsibility Centers in SAP BusinessObjects Profitability and Cost Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this feature.