This is a training simulator on Appropriation requests. You will learn how to plan in different currencies and how to create a  project  by using a reference strcuture of WBS Elements.

Download the simulator from Rapidshare or Mediafire.

The profit center is stored in the cost center this way the costs flow to the profit center.

The profit center is also stored in material master. This way all sales orders created for the finished product automatically picks up the profit center from the material master and all the revenues and costs coming from this sales order for that finished product is passed on to this profit center.

A profit center document is created in addition to the Finance document whenever revenue or consumption takes place. This document contains the details of the profit center.

Once both the costs and revenues flow to the profit center you can write reports using the Report Painter to get intelligent analysis. You can also use SAP standard reports

In Costing based Profitability analysis you define costing keys. A costing key is a set of access parameters which are used in valuation to determine which data in Product cost planning should be read. In the costing key you attach the costing variant.

In the costing key you specify whether the system should read the current standard cost estimate, the previous standard cost estimate or the future standard cost estimate or a saved cost estimate.
The configuration settings to determine this costing key is as follows:

1. Assign costing keys to the products – Three costing keys can be attached to a single product for a specific point of valuation, record type, plan version.
2. Assign costing keys to Material types.
3. Assign costing keys to any characteristics – You can use your own strategy to determine the costing keys. This is through user defined assignment tables.

Profitability analysis lets you analyze the profitability of segments of your market according to products, customers, regions, division. It provides your sales, marketing, planning and management organizations with decision support from a market oriented view point.

Profit center accounting lets you analyze profit and loss for profit centers. It makes it possible to evaluate different areas or units within your company. Profit center can be structured according to region, plants, functions or products (product ranges).

The following are the period end closing activities in Controlling:

1. Repost CO Documents that was incorrectly posted
2. Run Distribution or Assessment Cycles
3. Run the Overhead Calculation in Product Costing
4. Run the WIP Calculation in Product Costing
5. Run the Variance Calculation in Product Costing
6. Run the Settlement Calculation in Product Costing which will post all the
7. WIP and variance to Finance and PA.
8. Calculate FI Data for Transfer to Profit Center
9. Transfer Balance Sheet Items like Receivables, Payables, Assets and Stock
10. Run Results Analysis for Sales Order if applicable
11. Run Settlement of Sales Orders to PA.