Controlling
Identifies a self-contained, organization unit within a group, for which cost accounting can be performed.
What is a Controlling Area?
The closing balance of a company at a certain point in time.
What is a balance sheet?
Quantity is updated as a rule when the materials are withdrawn from stores.
What is consumption?
Generic terms for Invoices, Debit Memos, Credit Memos, Pro Forma Invoices and cancellation documents.
What is a Billing Document?
Automatic posting of a goods issue for components some time after their actual physical issue for use in an order
What is backflush?
An organizational unit within a controlling area that represents a separate location of cost incurrance.
What is a Controlling Area?
The classisfication of accounts defined in financial accounting as a framework for values and value flows
What is a Chart of Accounts?
Term used in inventory management to describe a reduction in stock on hand in the warehouse/stores or a withdrawal of stock or the delivery of goods to a customer
What is a Goods Issue?
A contractual arrangement between a sales organization and a sold-to party concerning goods to be delivered or services to be rendered.
What is a sales order?
A complete, formalized structured list of the components that make up a product of assembly
What is a Bill of Materials?
Direct activity, distributions, assessments, periodic reporting
The smallest organizational unit for which a complete self-contained set of accounts can be drawn up for purposes of external reporting
What is a company code?
Event that leads to a change involving stocks
What is a goods movement?
An object used as part of a bill of material by entering the material number.
What is a component?
Costing- Based and Account- Based are two examples of what?
What is Profitability Analysis
Total of all costs incurred in the production process
What is cost of goods sold?
Term used denoting a physical inward movement of goods or materials
What is a goods receipt?
Generic term for procedures in requirement planning which take into account and plan every, future requirement during the creation of order proposals.
What is MRP?
Process that divides the cost of goods manufactured and the variances for a material into different cost components and stores them under those cost components.
What is a cost component split?
A subdivision of a business organization which is set up for internal management control purposes.
What is a profit center?
Classification indicating the type of material movement.
What is a material type?
Describes a work step in a routing
What is an operation?