What is the cost element and cost center?

AnswerBot
1mo

Cost element and cost center are key concepts in accounting for tracking and allocating costs within an organization.

  • Cost element refers to the specific types of costs incurred by an organization, suc...read more

Pritam Pawar
7d
In SAP, Accounts Receivable (AR) and Accounts Payable (AP) are crucial components of the Financial Accounting (FI) module. They manage the financial relationships a company has with its customers and ...read more
Sindigeri veeresh
27d
Cost Element vs. Cost Center Both cost elements and cost centers are fundamental concepts in cost accounting, particularly in systems like SAP. They help in tracking and managing costs within an organ...read more
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