Within the marketing department at Bike Company SE, Ella, an enthusiastic intern, is actively involved in supporting marketing projects from a management accounting perspective. Recently, her manager set forth a new challenge for her: to plan for an impending fair in Madrid . This task requires some preparation steps, from the creation of master data, in-depth analysis of anticipated costs and revenues, to the final project settlement. Some reuse of data from the previous fair in Paris will be useful here. Notably, the fair in Madrid isn't exclusive to the marketing department; Sales and HR departments are also contributing. It is consequently crucial to allocate the costs fairly among these departments.
Considering this complex challenge, Ella turns to Chris from the management accounting team for guidance. Their past interactions were beneficial, and Chris' should be able to provide important insights for this task. Let's see what they talk about:
Having listened to the exchange between Martina and Ella, it's now time to focus on the possible settlement scenario for projects. Then you'll concentrate on the interest of the available tools to rationalize settlement and how they can help. You will also delve into a more sophisticated settlement-related feature: a source structure that can distinguish different settlement rule principles according to the type of posting receiver.
Let's begin with an analysis of the different types of settlement needs.