Academy · Controlling · 300 Professional
Cost Object Controlling: WIP, Variances and Settlement
Covers period-end closing for production orders in SAP S/4HANA under product cost by order: plan, target and actual costs; work in process at actual cost and its cancellation; target cost versions and variance categories; and settlement to inventory and price difference accounts, including splitting variances by category. Shows how to test open, delivered and technically completed orders across two periods and reconcile orders with the general ledger.
- 50 minutes
- 5 lessons + quiz
- Controlling Practitioner, Manufacturing Practitioner
What you’ll be able to do
- Explain target versus actual costs on a production order
- Calculate and interpret WIP
- Calculate variances and identify categories
- Settle orders to inventory and price difference accounts
- Test period-end order results
Sources and further reading
- Outlining Cost Object Controlling · SAP Learning
- Calculating Work in Process (WIP) · SAP Learning
- Calculating Work in Process Based on Actual Costs · SAP Learning
- Performing Variance Calculation · SAP Learning
- Performing Settlement of Work in Process (WIP) · SAP Learning
- Performing Settlement of Final Delivered Manufacturing Orders · SAP Learning
- Using Periodic Costs for Manufacturing Orders · SAP Learning