What is Overhead Projects - Overhead Absorption in SAP SRD-FIN-COR - FIN-Cost and Revenue?

SAP Term: Overhead Projects - Overhead Absorption

• Component: SRD-FIN-COR

• Component Name: FIN-Cost and Revenue

• Description: A work center view that enables you to perform the overhead absorption run for overhead projects.

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• Key Concepts: 
  Overhead Projects are used in SAP to manage and track overhead costs. Overhead Absorption is the process of allocating overhead costs to cost objects such as products, services, or activities. This component of SAP is used to manage and track overhead costs and their absorption into cost objects. 
  
  How to use it: 
  In order to use Overhead Projects and Overhead Absorption in SAP, users must first create an overhead project. This project will contain the overhead costs that need to be allocated. Once the project is created, users can then assign the overhead costs to cost objects. This can be done manually or automatically using a predefined rule. 
  
  Tips & Tricks: 
  When creating an overhead project, it is important to ensure that all relevant costs are included in the project. This will ensure that all overhead costs are accurately allocated to cost objects. Additionally, it is important to review the predefined rules for automatic absorption of overhead costs to ensure that they are accurate and up-to-date. 
  
  Related Information: 
  For more information on Overhead Projects and Overhead Absorption in SAP, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SRD_FIN_COR/FIN_COA/en-US.