What is account group in SAP PLM-PLC - Product Lifecycle Costing?

SAP Term: account group

• Component: PLM-PLC

• Component Name: Product Lifecycle Costing

• Description: An organizational entity that combines accounts which belong together logically. Account groups can serve various purposes. For example, they can be used to define the basis of a costing sheet or the cost component of a component split.

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• Key Concepts: 
  Account groups are used in SAP Product Lifecycle Costing (PLM-PLC) to classify and group accounts. They are used to assign a specific account to a certain group, which can then be used for reporting and analysis. Account groups are also used to define the structure of the chart of accounts. 
  
  How to use it: 
  Account groups can be created in the SAP system by going to the “Account Groups” tab in the “Financial Accounting” module. Once an account group is created, it can be assigned to a specific account in the chart of accounts. This will allow for easier reporting and analysis of the account. 
  
  Tips & Tricks: 
  When creating an account group, it is important to consider how it will be used for reporting and analysis. It is also important to ensure that the account group is properly assigned to the correct accounts in the chart of accounts. 
  
  Related Information: 
  For more information on account groups in SAP Product Lifecycle Costing (PLM-PLC), please refer to the SAP Help documentation.