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Overview of Controlling in Accounting

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11 views1 page

Overview of Controlling in Accounting

Uploaded by

sohail
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© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Controlling (CO)

Controlling is used for internal


reporting Controlling Area is the
highest hierarchy.

Areas to be covered:

1. Cost element Accounting


2. Cost centre accounting
3. Internal orders
4. Profit centre accounting
5. Product costing
6. Profitability analysis

1. Cost element Accounting: To update controlling records you have to


create cost elements
Cost elements are:
a. Primary cost elements
b. Secondary cost elements

2. Cost centre Accounts: To view department wise cost

3. Internal orders: To view costs for a specific tasks

4. 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 like Customer wise, product wise, sales organization wise, plant wise, sale
order wise

This is called data


cube It is a
reporting tool

Basic settings for controlling:

FI organization structure Co. organization structure

Company Controlling
↓
Company
code
↓
Business Areas Cost centre

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