SAP is software introduced in the year 1972 1 st of April, by 5 IBM Exiting employees. There are different
modules in SAP. Now here I am speaking about financial modules Called SAP (FICO) & SAP S/4 HANA
Simple Finance. These two modules are help us creating vendor Reports, Customer Reports and
SAP Product Cost Planning and in the process getting a better understanding of the importance of cost
component views in product cost estimates. The cost component split and cost component views
provide valuable insight into a cost estimate. Setting up cost components correctly in a cost component
structure leads you to a multi-faceted understanding of a product cost within a single cost estimate.
SAP S/4HANA provides the tools and processes to fulfill these parallel valuation requirements. Still,
some of those requirements could be technically challenging to meet, such as when different fiscal year
variants need to be used in the different valuation frameworks.
SAP installations experience long run-times during Material Ledger close. This Blog explains a function
that can help expedite Material Ledger close. It provides the ability to capture actual costs by tracking
variances at the material (product) level. This section provides an overview of actual costing in SAP