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Managerial accounting-v1.3
- 1. MANAGERIAL ACCOUNTING 1 of 12 Contents PRODUCT COSTINGS ................................................................................................................. 2 Cost sheet format for finished Goods ......................................................................................... 2 How you calculate the production cost....................................................................................... 2 Costing sheet for TAMFG01 (Finished Goods) ......................................................................... 2 Creation of Secondary cost elements (KA06) ............................................................................ 3 Creation of Activity types (KL01) (For Machine hours)............................................................ 3 Creation of Cost centre (KS01)................................................................................................... 4 Define Overhead keys (OKOG).................................................................................................. 4 Define Overhead Groups (OKZ2) .............................................................................................. 4 Define Calculation base (KZB2) ................................................................................................ 4 Define Percentage Overhead rate................................................................................................ 5 Define Credits ............................................................................................................................. 5 Define costing sheet (KZS2)....................................................................................................... 6 Assign Costing sheet to costing variants (OKKN) ..................................................................... 6 Define Cost components structure (OKTZ)................................................................................ 6 Creation of person responsible for work center (OP10)............................................................. 7 Define MRP Controller (OMD0) (Material requirement planning) ........................................... 7 Define Floats (OMDC) ............................................................................................................... 8 Define Production Scheduler (OPJ9).......................................................................................... 8 Cost Centre Planning (KP06)...................................................................................................... 8 Planning of Machine hours (KP26) ............................................................................................ 8 Machine hour rate Calculation (KSPI) ....................................................................................... 9 Material Creation (Raw-material)............................................................................................... 9 New Material Creation (Finished Goods)................................................................................. 10 Creation of bill Material (CS01) (BOM) .................................................................................. 10 Creation of work centre (CR01) ............................................................................................... 11 Creation of Routings (CA01).................................................................................................... 11 Creation of Cost estimates with Quantity structure (CK11N).................................................. 11
- 2. MANAGERIAL ACCOUNTING 2 of 12 PRODUCT COSTINGS Its product costing we are using for value at the inventory data flow from FICO, MM, PP Module Cost sheet format for finished Goods Raw-material - ***** Raw-material overhead rate - ***** Production cost - ***** Cost of manufacturing - ***** Add Selling and Administration expe- ***** Cost of Goods sold - ***** How you calculate the production cost Production cost values Salaries - 200000 Wages - 500000 Rent - 20000 720000 In our organization we have 100 machines all this machine we are using 24 hours in every period Calculate the machines hours 100*24*30 = 72000 hours Machine hour rate calculate Total Production cost - 720000 Total Machine hour per month - 72000 Machine Per hour rate = 10 Costing sheet for TAMFG01 (Finished Goods) TAMRW01 (Raw-material) - 75 TAMRW02 - 100 Raw-material OH - 175 Add 10% OH Raw-material - 17.5 Add 10% Machine cost (5*10) - 50 Cost of manufac value - 242.5 Add Selling and Admin Expenses -
- 3. MANAGERIAL ACCOUNTING 3 of 12 Creation of Secondary cost elements (KA06) 1- Overhead cost elements 2- Activity cost elements Path: Sap easy access β Accounting β Controlling β Cost element accounting β Master data β Cost elements β Individual processing β Create secondary Cost elements β 1100000 (Any) Valid from β 01-04-2009 to 31-12-9999 Click on Master data tab Name β Raw-material OH Description β Raw-material OH Cost element category β 41 (OH rate) Press enter key and Save Cost elements β 1200000 (Any) Valid from β 01-04-2009 to 31-12-9999 Click on Master data tab Name β Activity cost elements Description β Activity cost elements Cost elements category β 43 (Internal allocation) Press enter key and Save Creation of Activity types (KL01) (For Machine hours) Path: Sap easy access β Accounting β Cost centre accounting β Master data β Activity type β Individual processing β Create Activity type β MAC Valid from β 01-04-2009 to 31-12-9999 Click on Master data tab Name β Machine hours Description β Machine hours Activity unit β H (Hours) CCTR-Category - * (For all cost elements) ATYP Category β 1 (Manual entry, Manual allocation) Allocation Cost elements β 1200000 (Activity cost elements) Press enter key and Save
- 4. MANAGERIAL ACCOUNTING 4 of 12 Creation of Cost centre (KS01) Go to KS01 Create the following Cost centre under Production departments Department β G Department β H Define Overhead keys (OKOG) Path: Spro β Img β Controlling β Product cost controlling β Product cost planning β Basic settings for material settings β Overhead β Define overhead keys Click on new entries Overheads Description OHA RM overhead key Press enter key and Save Comeback Define Overhead Groups (OKZ2) Path: Same Click on new entries Valuation area OH Group OH key Name of OH Group TAPL (Plant) OHG OHA RM OH Group Press enter key and Save Comeback wise Define Calculation base (KZB2) Path: Same as up to Overhead β costing sheet components β Define calculation bases Click on new entries Base Name RA Raw-material Press enter key and Save Now Select RA Double click on Details folder Controlling area β TACO Click on Save Click on new entries From cost elements To cost elements 4000001 4000100 Press enter key and Save Comeback three times Click on new entries Base Name RB Production cost Press enter key and Save Now Select RB
- 5. MANAGERIAL ACCOUNTING 5 of 12 Double click on Details folder Controlling area β TACO Click on Save Click on new entries From cost elements To cost elements 4000101 4000200 1200000 1200000 Press enter key and Save Comeback four times Define Percentage Overhead rate Path: Same Click on new entries Overhead rate Name Dependency RC Raw-material OH rate D010 (OH Type/OH Key) Press enter key and Save Now select RC Double click on Details folder (tick mark) Click on new entries Valid from To Co area OH Type OH Key Percentage 01-04-2009 31-12-2010 TACO 2 (Plan) OHA 15 01-04-2009 31-12-2010 TACO 1 (Actu) OHA 10 Press enter key and Save Comeback four times Define Credits Path: Same Click on new entries Credits Name RD RM Credit key Press enter key Now select RD Double click on Details Controlling area β TACO Click on Save Click on new entries Valid to Cost elem Fix % Cost centre 31-03-2010 1100000 100 Dep β H Press enter key and Save Comeback four times
- 6. MANAGERIAL ACCOUNTING 6 of 12 Define costing sheet (KZS2) Path: Same as up to Overhead β Define costing sheet Click on new entries Cost sheet Description COST (Any) Cost sheet for TAST Press enter key and Save Double click on Costing sheet rows folder Click on new entries Row Base Overhead Description From To row Credit 10 RA 20 RC 10 10 RD 30 RB 40 Cost of Manuf 10 30 Press enter key and Save Comeback four times Assign Costing sheet to costing variants (OKKN) Path: Spro β Img β Controlling β Product cost controlling β Product cost planning β Material cost estimates with quantity structure β Defining costing variants Select PPC 1 β Structured cost Est (mat) Click on Details field Click on valuation variants tab Click on Create field Click on new entries In plant β TAPL Press enter key and Save Comeback Select 001 β TAPL Valuation variants Click on Details botton Click on Overhead tab Costing sheet - COST Costing sheet for TAST Costing sheet β COST Costing sheet for TAST Click on Save Comeback four times Define Cost components structure (OKTZ) Path: Same as up to Product cost planning β Basic settings for Material costing β Define cost components structure Select 01 Cost components structure Double click on Cost components with Attributes folder Select 01 - 10 - Raw-material
- 7. MANAGERIAL ACCOUNTING 7 of 12 Double click Assignment : Cost components folder Click on new entries Cost comp structure Chrt ac From cost To cost Cost Comp 01 CHAC 4000001 400099 10 Press enter key and Save Double click on Cost components with Attributes folder Select 01 - 80 Material Overhead Double click Assignment : Cost components folder Click on new entries Cost comp structure Chrt ac From cost To cost Cost Comp 01 CHAC 1100000 1100000 80 Press enter key and Save Double click on Cost components with Attributes folder Select 01 - 50 - Production machine Double click Assignment : Cost components folder Click on new entries Cost comp structure Chrt ac From cost To cost Cost Comp 01 CHAC 4000100 4000199 50 01 CHAC 1200000 1200000 50 Press enter key and Save Double click on Cost Components structure folder Click on Active check box in front of 01 (Tick mark) Click on Save Creation of person responsible for work center (OP10) Path: Spro β Img β Production β Basic data β Work centre β General Data β Determine person responsible Click on new entries Plant Person responsible Person responsible for work centre TAPL UBAID UBAID Press enter key and Save Comeback wise Define MRP Controller (OMD0) (Material requirement planning) Path: Same as up to Production β Material requirements planning β Master data β Define MRP Controllers Click on new entries Plant β TAPL MRP Controller β B β B (Any) Press enter key and Save
- 8. MANAGERIAL ACCOUNTING 8 of 12 Define Floats (OMDC) Path: Same as up to material requirements planning β Planning β Scheduling and Capacity parameters β Define floats Click on new entries Plant Margin Opening perce FI Before FI After Ref-Per TAPL TAMR (Any) 2 2 2 2 Press enter key and Save Comeback wise Define Production Scheduler (OPJ9) Path: Same as up to Production β Shop floor control β Master data β Define Production scheduler Click on new entries Plant Produc scheduler Description TAPL C (Any) C Press enter and Save Comeback wise Cost Centre Planning (KP06) Go to KP06 Version β 0 From Period β 2 To Period β 2 Fiscal year β 2009 Cost centre - Dep β G Cost elements β Salary Account Select form based Press F5 Plan fixed cost 720000 Press Save Planning of Machine hours (KP26) Path: Sap easy access β Accounting β Controlling β Cost centre accounting β Planning β Activity output/price β Change (KP26) Version β 0 From Period β 2 To Period β 2 Fiscal year β 2009 Act type - MAC Select form based Press F5
- 9. MANAGERIAL ACCOUNTING 9 of 12 Planned Activity 72000 Press enter and Save Machine hour rate Calculation (KSPI) Path: Same as up to Planning β Allocation β Price calculation Cost centre group β Prod Version β 0 From period β 2 to - 2 Fiscal year β 2009 Select Test Run Select Detail list Press F8 for execute and Save Go back Deactivate the Test run check box and again Press F8 for execute Click on Save Material Creation (Raw-material) Go to MM01 Create 2 Material TARM01, TARM02 Material β TARM01 Industry sector β Mechanical eng Material type β ROH Select views tab Select Basic data 1, Purchasing, General plan data / Storage 1, Accounting 1 Organizational level tab Plant β TAPL Storage location β HYD (Tick mark) Material β TARM02 β Raw-material Base unit β Kg Material Group β ST Click on Purchasing tab Purchasing group β TAPR Click on Accounting 1 tab Valuation class β 3000 Price control key β V (Moving price) Moving Price β 100 Press enter and Save.
- 10. MANAGERIAL ACCOUNTING 10 of 12 New Material Creation (Finished Goods) Material β TAFG01 Industry sector β Mechanical eng Material type β FERT Select views tab Select Basic data1, MRP1, MRP2, Work scheduling, General plan data / Storage1, Accounting1, Costing1. Organizational level tab Material β Finished Products Base unit β Kg Material Group β ST Click on MRP1 tab MRP Type β PD (Standard) MRP Controller - B Lot size β Ex Click on MRP2 tab Schedule margin key β TMR Click on Work Scheduling tab Production scheduler β C Click on Accounting1 tab Valuation class β 7920 Standard price β 300 Click on Costing1 tab Overhead group β OHG Click on Save Availability check β KP (No check) Again Save it. Creation of bill Material (CS01) (BOM) Path: Sap easy access β Logistics β Production β Master data β Bill of Material β Bill of Material β Material BOM β Create Material β TAFG01 Plant β TAPL BOM Usage β 1 Press enter Components Qty TARW01 1 TARW02 1 Press enter key and Save
- 11. MANAGERIAL ACCOUNTING 11 of 12 Creation of work centre (CR01) Path: Same as up to Master data β Work centre β Work centre β Create Work centre β Dep β G Work centre category β 0001 (Machine) Click on Basic data tab Work centre β Department β G Press enter Person responsible β UBAID Usage β 009 (All task) Standard valuation Key β SAP1 (Normal Production) Click on Costing tab Start date β 01-04-2009 Cost centre β Dep β G Activity Description Activity type Activity unit Formulas Machine MAC H (Hours) SAP002 (Machine time) Press enter and Save Creation of Routings (CA01) Path: Same as up to Master data β Routing β Routings β Standard routings β Create Material β TAFG02 Plant β TAPL Press enter key Usage β 1 Status β 4 Click on operation tab Work centre Control key Dep β G PP01 (In house Production) Select this line item Double click on 0010 Standard value Unit Machines 5 H Press enter and Save Creation of Cost estimates with Quantity structure (CK11N) Path: Sap easy access β Accounting β Controlling β Product cost controlling β Product cost planning β Material costing β Cost estimates with quantity structure β Create Material β TAFG02 Plant β TAPL Costing Data Costing variants β PPC1 Costing Version β 1 Click on Dates tab
- 12. MANAGERIAL ACCOUNTING 12 of 12 Costing date from β Current Date Costing Date to - 31-12-9999 Quantity structure date β Current Date Valuation date β Current date Press enter key