What is cost pool in SAP SRD-FIN-COR - FIN-Cost and Revenue?

SAP Term: cost pool

• Component: SRD-FIN-COR

• Component Name: FIN-Cost and Revenue

• Description: A general area such as materials, production, or sales that collects costs before they are allocated to cost objects.

Smart SAP Assistant

• Key Concepts: 
  A cost pool is a grouping of costs that are related to each other and are used to calculate the cost of a product or service. In SAP, cost pools are used in the SRD-FIN-COR FIN-Cost and Revenue Accounting component to help companies better understand their costs and make more informed decisions. 
  
  How to use it: 
  In SAP, cost pools are used to group costs that are related to each other. This allows companies to better understand their costs and make more informed decisions. Cost pools can be created in the SRD-FIN-COR FIN-Cost and Revenue Accounting component by entering the relevant information into the system. 
  
  Tips & Tricks: 
  When creating cost pools in SAP, it is important to ensure that all relevant information is entered accurately. This will help ensure that the cost pool is accurate and up-to-date. Additionally, it is important to regularly review and update cost pools as needed. 
  
  Related Information: 
  For more information on cost pools in SAP, please refer to the SRD-FIN-COR FIN-Cost and Revenue Accounting documentation. Additionally, there are many online resources available that provide further information on cost pools and how they can be used in SAP.