strategic Planning and Control

Jun 28th, 2015
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Controlling – The process of monitoring activities to ensure that they are being accomplished as planned and of correcting any significant deviations.

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Controlling (CO)Controlling is used for internal reportingControlling Area is the highest hierarchy.Areas to be covered:1. Cost element Accounting2. Cost centre accounting3. Internal orders4. Profit centre accounting5. Product costing6. Profitability analysis1. Cost element Accounting: To update controlling records you have to create cost elementsCost elements are:a. Primary cost elementsb. Secondary cost elements2. Cost centre Accounts: To view department wise cost3. Internal orders: To view costs for a specific tasks4. Profit Centre Accounting: To view profitability, product wise, product group wise (or) location wise if business area is not activated in FI 5. Product Costing: valuation of inventories like finished goods and work in process.6. Profitability analysis: To view profitability for number of parameters at a time likeCustomer wise, product wise, sales organization wise, plant wise, sale order wiseThis is called data cubeIt is a reporting toolBasic settings for controlling:FI organization structureCo. organization structureCompanyControlling Company code Business Areas Cost centreScenario 1Company Company code = Controlling Ar

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