Prepare cost accounting

Prepare cost accounting

Cost accounting makes it clear where expenses arise, why they arise and what type of costs are involved.

Why this point is crucial for key users

Financial accounting shows what has been posted. Cost accounting answers the management question behind it. Key users create the dimensions with which numbers become controllable insights.

How to prepare for the process safely

1. Formulate the questions that your evaluations should answer.
2. Derive a lean structure from cost centers, cost objects and cost types.
3. Set binding allocation rules for receipts and postings.
4. Test overviews and matrix evaluations with a complete example.

Check before sharing

• Each dimension has a clear technical meaning.
• Users can make the correct assignment without any specialist knowledge.
• Evaluations can be traced right down to the individual posting.

What your team gets out of it

Costs are not only recorded, but also understandable – and therefore manageable.

In this chapter

• Cost objects
• Cost centers
• Cost elements

Related topics

1. For key users – understand and prepare processes › Finance › Prepare cost accounting › Cost object
2. For key users – understand and prepare processes › Finance › Prepare cost accounting › Cost centers
3. For key users – understand and prepare processes › Finance › Prepare cost accounting › Cost types

Frequently asked questions