strategic Planning and Control

Jun 28th, 2015
Studypool Tutor
Air University Extension Course Program
Price: $25 USD

Tutor description

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

Word Count: 19459
Showing Page: 1/169
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

Review from student

Studypool Student
" Outstanding Job!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1820 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors