In this lesson, we will introduce the areas of Management Accounting supported by SAP S/4HANA. You will then be able to explain the importance of using various cost assignment objects to collect overhead costs in multiple valuations.
In your company, your costs need to be monitored regularly and efficiently. You need to track costs that you can directly assign to products or services (such as raw materials used in production or the time employees spent in production) but also costs that are for running the processes that support business operations, such as the finance department. These are overhead costs. Your company's cost matrix tends to include increasing amounts of overhead costs either in the service or the product business. You need to be able to analyze these costs in detail and accurately.
Overhead Cost Controlling in SAP S/4HANA provides you with such structures and cost objects to help you to plan, track, assign, allocate, and analyze these costs.