How to use OKM1 - IMG Controlling General

SAP Transaction Code - Details

• Transaction Code: OKM1

  Description: IMG Controlling General

  Release: S/4HANA and ECC 6

• • Program: RKIMG001

    Screen: 1000

    Authorization Object:

  • Development Package: KBAS

    Package Description: Overhead Cost Controlling

    Parent Package: APPL

  • Module/Component: CO-OM

    Description: Overhead Cost Controlling

Smart SAP Assistant

• SAP Tcode: OKM1 - IMG Controlling General

   Cost Element
  
  Overview: 
  OKM1 is a transaction code used in the SAP system to access the IMG (Implementation Guide) Controlling General Cost Element. This transaction code is used to create, change, and display cost elements in the Controlling module. 
  
  Functionality: 
  The OKM1 transaction code allows users to create, change, and display cost elements in the Controlling module. Cost elements are used to classify costs and revenues in the Controlling module. They are used to assign costs and revenues to different accounts and cost centers. 
  
  Step-by-step How to Use: 
  1. Enter the OKM1 transaction code into the SAP system. 
  2. Select “Create” or “Change” from the menu options. 
  3. Enter the cost element name and description. 
  4. Select the type of cost element (e.g., revenue, expense, etc.). 
  5. Enter the account assignment information (e.g., cost center, account number, etc.). 
  6. Save your changes. 
  7. To display a cost element, enter the OKM1 transaction code and select “Display” from the menu options. Enter the cost element name or number and select “Execute” to display the cost element information. 
  
  Other Recommendations: 
  It is important to ensure that all cost elements are properly created and maintained in order to ensure accurate reporting in the Controlling module. It is also important to ensure that all account assignments are correct in order to ensure accurate reporting of costs and revenues in the Controlling module.