Product Costing in SAP with Goods and Services Tax (GST)

GST is one indirect tax for the whole nation, which will make India on unified common market



GST is a single tax on the suply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, whick makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, wit set-off benefits at all the previous staes.

PRODUCT COSTING IN SAP WITH GST   Product Cost Planning (CO-PC-PCP)   Product Cost Planning   Purpose of Product Cost Planning   Calculation of COGM and COGS   Cost Components   Cost Component Split for the Cost of Goods Manufactured   Primary Cost Component Splits   Cost Component Structures   Cost Components   Cost Component Views in Material Costing   Concept of Cost Rollup   Itemization   Cost Elements   Costed Multilevel BOM   Partner Cost Component Split   Partners and Direct Partners   Information for Other SAP Applications   Cost Object Controlling (CO-PC-OBJ)   Materials Management (MM)   Sales Pricing (SD)   Profitability Analysis (CO-PA)   Costing Sequence   Base Planning Objects   Standard Cost Estimates   Inventory Cost Estimates   Modified Standard Cost Estimates   Current Cost Estimates   Preparing for Costing: Customizing   Preparing for Material Costing   Preparing for Base Object Costing   Business Framework Architecture: ALE and BAPIs   ALE/Distribution in Product Cost Planning   Distribution to Profitability Analysis and Sales and Distribution   Further Costing in Other Systems   Group Costing in Distributed Systems   ALE Settings in Customizing   BAPIs in Product Cost Planning   Material Cost Estimate with Quantity Structure   Costing Results   Cost Components   Cost Component Split for the Cost of Goods Manufactured   Primary Cost Component Splits   Transfer Structure for the Primary Cost Component Split   Cost Component Structures   Cost Components   Cost Component Views in Material Costing   Concept of Cost Rollup   Itemization   Cost Elements   Costed Multilevel BOM   Partner Cost Component Split   Partners and Direct Partners   Working with the Cost Estimate with Quantity Structure   Cost Estimate with Quantity Structure: Process Flow   Creating a Cost Estimate with Quantity Structure   Displaying Material Cost Estimates   Analyzing the Results   Origin of Costing Data   Master Data for Costing with Quantity Structure   Master Data in Controlling   Cost Centers and Activity Types   Internal Activities   Displaying Activity Prices for Each Cost Center   Business Processes   Cost Elements   Master Data from Logistics   Material Master Records   General Data   Price Fields and Valuation Data   Entries for the Quantity Structure   Creating a Material Master Record   Displaying/Changing the Material Master Record   Material Types   Master Data in Purchasing   Bills of Material   Multilevel BOMs   Recursive BOMs   Information in the BOM Header   Information in the BOM Items   Routings   Information in the Routing Header   Operation Overview   Detail Screen for the Operation   Master Recipes   Work Centers and Resources   Linking of Cost Centers and Business Processes   Determination of the Quantity Structure   Parameters for Quantity Structure Control   Quantity Structure Control Through Customizing   April 2001 5   Product Cost Planning (CO-PC-PCP) SAP AG   Quantity Structure Control Through the Material Master Record   Quantity Structure Control Through the Initial Screen of the Cost Estimate   Special Procurement in Costing   Materials in Other Plants   Direct Production, Subcontracting, Phantom Assemblies   Use of Existing Costing Data   Single-Plant Transfer   Cross-Plant Transfer   Reference Costing   Valuation of the Quantity Structure   Valuation of Materials   Valuation of Production Activities   Valuation of External Activities   Valuation of Subcontracting   Raw Material Costing   Determining the Vendor   Concept of Cost Rollup   Currencies in Costing   Use of Existing Costing Data   Single-Plant Transfer   Cross-Plant Transfer   Reference Costing   Overhead   Applied Overhead   Costing Sheets   Overhead Keys   Process Costs   Templates   Process Cost Planning   Costing Dates   Additive Costs   Creating Additive Costs   Changing/Displaying Additive Costs   Analyzing the Results   Unit Costing   Header Information About the Unit Cost Estimate   Origin of Data in Unit Costing   Master Data for Unit Costing   Material Master Records   Master Data in Purchasing   Work Centers and Resources   Cost Centers and Activity Types   Business Processes   Base Planning Objects   Creating Costing Items   SAP AG Product Cost Planning (CO-PC-PCP)   List Screen of the Unit Cost Estimate   Saving the Column Setting as a Variant   Detail Screens in Unit Costing   Formulas for Costing Items   Creating Unit Cost Estimates with Reference   Copying a Cost Estimate   Exploding Material Cost Estimates   Exploding Base Planning Objects   Valuation of Costing Items   Valuation of Materials   Valuation of Production Activities   Valuation of Subcontracting   Overhead   Applied Overhead   Costing Sheets   Overhead Keys   Process Costs   Templates   Process Cost Planning   Calculating Overhead   Costing Dates   Revaluating Costing Items   Costing Run   Creating a Costing Run   Selecting Materials for the Costing Run   Exploding BOMs for the Costing Run   Executing a Costing Run   Analyzing the Costing Run   Printing the Log   Updating Prices   Marking for Standard Price   Updating the Standard Price or Other Prices   Managing the Costing Results   Costing Level Overviews   Material Overview   Costing Status   Message Logs   Editing and Printing the Log   User-Defined Message Types   Assignment of Messages to Areas of Responsibility   Message Control   Saving Material Cost Estimates   Archiving Material Cost Estimates   Deleting Material Cost Estimates   April 2001 7   Product Cost Planning (CO-PC-PCP) SAP AG   Deleting Costing Runs   Use of Existing Costing Data   Single-Plant Transfer   Cross-Plant Transfer   Reference Costing   Parallel Processing   Background Processing   Other Functions   Connection of Non-SAP Production Planning Systems   Cross-Company Costing   Costing Scrap   Assembly Scrap   Component Scrap   Operation Scrap   Example: Different Scrap Data   Costing Configured Materials   Costing Versions   Costing in the Process Industries   Joint Production Costing   Costing Co-Products   Including the Costs for By-Products   Quantity Structure Control in Joint Production   Fixed-Price Co-Products   Apportionment Structure   Maintaining the Apportionment Structure in the Material Master Record   Source Structure   Planning and Analysis of Campaign Costs   Costing of Recursive Structures   Group Costing and Multiple Valuation Approaches   Group Costing: Scenario   Mixed Costing   Editing Procurement Alternatives   Creating/Changing Mixing Ratios   Displaying Mixing Ratios   Joint Production and Split Valuation   Standard Cost Estimate for Configurable Material   Production Lot Costing (Seiban)   Reference Costing   Raw Material Costing   Special Procurement in Costing   Materials in Other Plants   Direct Production, Subcontracting, Phantom Assemblies   Currencies in Costing   Material Cost Estimate Without Quantity Structure   Costing Results   Cost Components   Cost Component Split for the Cost of Goods Manufactured   Primary Cost Component Splits   SAP AG Product Cost Planning (CO-PC-PCP)   Transfer Structure for the Primary Cost Component Split   Cost Component Structures   Cost Components   Cost Component Views in Material Costing   Concept of Cost Rollup   Itemization   Cost Elements   Costed Multilevel BOM   Partner Cost Component Split   Partners and Direct Partners   Working with the Cost Estimate Without Quantity Structure   Cost Estimate Without Quantity Structure: Process Flow   Creating a Cost Estimate Without Quantity Structure   Multilevel Unit Costing   Editing Multilevel Cost Estimates   Using Worklists   Changing the Cost Estimate Without Quantity Structure   Displaying Material Cost Estimates   Analyzing the Results   Unit Costing   Header Information About the Unit Cost Estimate   Origin of Data in Unit Costing   Master Data for Unit Costing   Material Master Records   General Data   Price Fields and Valuation Data   Material Types   Master Data in Purchasing   Work Centers and Resources   Linking of Cost Centers and Business Processes   Cost Centers and Activity Types   Internal Activities   Displaying Activity Prices for Each Cost Center   Business Processes   Base Planning Objects   Creating Costing Items   List Screen of the Unit Cost Estimate   Saving the Column Setting as a Variant   Detail Screens in Unit Costing   Formulas for Costing Items   Exploding Material Cost Estimates   Exploding Base Planning Objects   Creating Unit Cost Estimates with Reference   Copying a Cost Estimate   Valuation of Costing Items   Valuation of Materials   April 2001 9   Product Cost Planning (CO-PC-PCP) SAP AG   Valuation of Production Activities   Valuation of Subcontracting   Raw Material Costing   Currencies in Costing   Use of Existing Costing Data   Single-Plant Transfer   Cross-Plant Transfer   Reference Costing   Costing Dates   Overhead   Applied Overhead   Costing Sheets   Overhead Keys   Process Costs   Templates   Process Cost Planning   Calculating Overhead   Revaluating Costing Items   Managing the Costing Results   Message Logs   Editing and Printing the Log   User-Defined Message Types   Assignment of Messages to Areas of Responsibility   Message Control   Costing Status   Saving Material Cost Estimates   Archiving Material Cost Estimates   Deleting Material Cost Estimates   Use of Existing Costing Data   Single-Plant Transfer   Cross-Plant Transfer   Reference Costing   Other Functions   Connection of Non-SAP Production Planning Systems   Cross-Company Costing   Costing Versions   Group Costing and Multiple Valuation Approaches   Group Costing: Scenario   Partners and Direct Partners   Reference Costing   Raw Material Costing   Currencies in Costing   Price Update   Updating the Standard Prices   Marking Standard Cost Estimates   Allowing Marking and Displaying What Is Allowed   Marking Standard Cost Estimates   SAP AG Product Cost Planning (CO-PC-PCP)   Releasing Standard Cost Estimates   Releasing Standard Cost Estimates   Manual Changes to the Standard Price   Tax-Based Prices and Commercial Prices   Updating Other Prices   Update of Other Planned Prices   Updating Other Prices   Reference and Simulation Costing   Results of Reference and Simulation Costing   Overview of Base Planning Objects   Costed Multilevel BOM   Multilevel Explosion of a Base Planning Object   Working with Reference and Simulation Costing   Reference and Simulation Costing: Process Flow   Creating Base Planning Objects   Multilevel Unit Costing   Editing Multilevel Cost Estimates   Using Worklists   Changing/Displaying Base Planning Objects   Revaluating Base Planning Objects   Editing Base Planning Objects in the Worklist   Unit Costing   Header Information About the Unit Cost Estimate   Origin of Data in Unit Costing   Master Data for Unit Costing   Material Master Records   Master Data in Purchasing   Work Centers and Resources   Linking of Cost Centers and Business Processes   Cost Centers and Activity Types   Displaying Activity Prices for Each Cost Center   Business Processes   Base Planning Objects   Creating Costing Items   List Screen of the Unit Cost Estimate   Saving the Column Setting as a Variant   Detail Screens in Unit Costing   Formulas for Costing Items   Creating Unit Cost Estimates with Reference   Copying a Cost Estimate   Exploding Material Cost Estimates   Exploding Base Planning Objects   Valuation of Costing Items   Valuation of Materials   Valuation of Production Activities   Valuation of Subcontracting   April 2001 11   Product Cost Planning (CO-PC-PCP) SAP AG   Raw Material Costing   Determining the Vendor   Overhead in Base Object Costing   Applied Overhead   Costing Sheets   Overhead Keys   Process Costs   Templates   Process Cost Planning   Calculating Overhead   Revaluating Costing Items   Managing Base Planning Objects   Archiving Base Planning Objects   Deleting Base Planning Objects   Other Functions   Multiple Valuation Views   Currencies in Unit Costing   Easy Cost Planning and Execution Services   Editing Costing Models and Assigning Attributes   Creating and Assigning Characteristics   Structuring the Entry Screen   Defining Derivation Rules   Template for Easy Cost Planning   Using Easy Cost Planning   Executing Ad Hoc Cost Estimates   Triggering the Execution Services   Information System for Product Cost Planning   Summarized Analysis: Costing Run   Results of Costing Run   Price versus Cost Estimate   Variances Between Costing Runs   Object List for Material   Analysis / Comparison of Material Cost Estimates   Display of Materials to Be Costed   Object Lists for Base Planning Objects   Overview of Base Planning Objects   Where-Used List of Base Planning Objects   Detailed Reports for Materials   Costed Multilevel BOM   Cost Components   Partner Cost Component Split   Cost Elements   Itemization   Detailed Reports for Base Planning Objects   Costed Multilevel BOM   Itemization   Multilevel Explosion of a Base Planning Object   Detailed Reports on Sales Order Cost Estimates   SAP AG Product Cost Planning (CO-PC-PCP)   Costed Multilevel BOM   Cost Components   Cost Elements   Itemization   Object Comparisons for Materials   Material Cost Estimate vs Preliminary Order Cost Estimate   Cost Components – Comparison   Cost Elements – Comparison   Itemization Comparison   Object Comparisons for Unit Cost Estimates   Background Printing of Costing Reports ACTUAL COSTING IN SAP WITH GST   Actual Costing/Material Ledger (CO-PC-ACT)   Actual Costing / Material Ledger   Multiple Currencies and Valuations for Materials   Value Flow into the Actual Costing/Material Ledger Component   Value Flow out of the Actual Costing/Material Ledger Component   Plant, Company Code, and Valuation Area   Price Control   Price Control with and Without the Material Ledger   Price Control and Price Determination   Valuation with the Moving Average Price   Changing the Type of Price Control   Material Ledger Data   Checking the Material Master for the Material Ledger   Collecting Actual Data for the Material Ledger   Updating the Actual Quantity Structure   Material Price Analysis   Displaying Material Price Analysis   Displaying Material Ledger Documents   Status Management of Material Ledger Data   Archiving Material Ledger Data   Material Price Determination   Single-Level Material Price Determination   Multilevel Price Determination   Transaction-Based Material Price Determination   Periodic Actual Costing   Costing Run   General Data in Costing Runs   Process Flow: Periodic Actual Costing   Creating a Costing Run   Deleting a Costing Run   Performing a Selection   Determining the Costing Sequence   Allowing Material Price Determination   Performing Single-Level Material Price Determination   Performing Multilevel Price Determination   Errors During Multilevel Price Determination   Recommendations for Multilevel Price Determination   Processing Incorrect Material Price Determination Manually   Automatic Error Correction by the System   Threshold Value Check   Example: Threshold Value Check   Control of Automatic Error Correction (Postprocessing Options)   SAP AG Actual Costing/Material Ledger (CO-PC-ACT)   April 2001 5   Allowing Closing Entries   Performing Closing Entries   Reversing Closing Entries   Marking Prices for Future Valuation   Costing Results   Actual Cost Component Split   Displaying Reports for Actual Cost Component Splits   Example: Actual Cost Component Split   Actual Cost Component Split: Update and Single-Level Material Price Determination   Actual Cost Component Split: Multilevel Material Price Determination   Price Changes   Debiting / Crediting Materials   Determining Future Prices (Automatically)   Determining Future Prices (Manually)   Releasing Planned Prices   Dynamic Release of Planned Prices   Changing Material Prices   Posting a Price Change to the Previous Period or Previous Year   Price Change in the Previous Period Only   Price Change in the Previous and Current Period   Price Change Document   Displaying Price Change Documents   Posting Example   Example: Price and Exchange Rate Differences   Example: Goods Issue   Example: Price Changes   Example: Single-Level Price Determination   Example: Multilevel Price Determination   Example: Closing Entries   Structuring Value Chains   Controlling Level   Editing the Controlling Level   Procurement Processes   Process Categories   Production Process   Creating a Production Process for a Cost Object Hierarchy   Procurement Alternatives   Editing Procurement Alternatives   Integration of Procurement Alternatives and Procurement Processes   Relationship Between Procurement Alternatives and Procurement Processes   Consumption Alternatives   Maintaining Texts for Procurement Alternatives/Consumption Alternatives and   Procurement Processes   Selected Functions   Valuated Sales Order Stock and Actual Costing   Price Limiter and Price Limiter Quantities   Installation: Material Ledger / Actual Costing   Actual Costing/Material Ledger (CO-PC-ACT) SAP AG   Checking Customizing for the Material Ledger   Setting Material Price Determination   Checking Exchange Rates   Preparing Data for the Material Ledger (Production Startup)   Reconciling Accounts for the Material Ledger in Different Currencies and Valuation   Categories   Authorizations: Material Ledger / Actual Costing   Actual Costing / Material Ledger Information System   Object Lists   Materials by Period Status   Prices and Inventory Values   Materials with Largest Moving Price Difference   Materials with Highest Inventory Value   Detailed Reports   Material Price Analysis   Material Prices and Inventory Values Over Several Periods   Transaction History for Material   Cost Components for Price   More Reports   Material Ledger Document   Price Change Document   SAP AG Actual Costing/Material Ledger (CO-PC-ACT)   Actual Costing/Material Ledger (CO-PC-ACT)   April 2001 7   Actual Costing/Material Ledger (CO-PC-ACT)   Actual Costing/Material Ledger (CO-PC-ACT) SAP PROFITABILITY ANALYSIS IN SAP WITH GST   Profitability Analysis (COPA)   Profitability Accounting Applications   Accounting Methods   Features of the Applications COPA and ECPCA   Structures   Operating Concern   Characteristics   Value Fields   Setting the Operating Concern   Assigning the Operating Concern   Operating Concern Templates   Database Tables for CO-PA Transaction Data   Storing Multiple Currencies in CO-PA   Master Data   Characteristic Derivation   Derivation Types   Examples: Derivation Types   Special Case: Table Lookup in Table VBKD   Source and Target Fields   Influencing the Standard Derivation Procedure   Changing the Standard Derivation Steps   Activities Following Upgrades   Characteristics Hierarchy   Realignment   Maintaining Realignments   Status of Realignment Runs   Sequence of Requests Within a Realignment Run   Restoring Previous States Following Realignments   Effects on Summarization Levels and Data   Performance, Parallel Processing, and Partitioning   Valuation   Valuation Using Material Cost Estimates   Example: Valuation Using Material Cost Estimates   Representing Different Requirements   Setting Up Valuation Using Actual Cost Estimates from Material Ledger   Valuation Using Conditions   Example: Valuation Using Conditions   Condition Types   Examples: Condition Types   Meeting Managerial Requirements   Customer Exits: Valuation   Analysis Options Using Valuation   Activate Valuation in Planning   Periodic Valuation of Actual Data   SAP AG Profitability Analysis (COPA)   Performing Periodic Valuation   Results of Periodic Valuation   Planning   Planning Framework   Example: Planning Framework   Adjustments Following Upgrades   Setting Up Planning Content   Multiple Currencies in Planning   Multiple Valuation Views in Planning   Working with Prices in Planning   Planning Methods   Entering/Displaying Planning Data   Setting Up Manual Entry of Planning Data   Planning Layout   Transaction-Based Top-Down Distribution   Example: Transaction-Based Top-Down Distribution   Price Planning Using Ratios   Executing Manual Entry of Planning Data   Planning Methods   Valuation   Forecast   Revaluate   Events   Period Distribution   Ratios   Example: Valuating a Quantity Plan Using Ratios   Exits   Change Values   Goal Seek Function   General Functions   Format to Print   Cut   Copy   Paste   Insert   Long Text   Row Proposal   Clear Row, Undo, Redo   Overview Screen   Period Screen   Next Combination, Previous Combination, Other Combination   Line Item Display   Number Format   Lead Columns   All Key Values On/Off   Header Display On/Off   Profitability Analysis (COPA) SAP AG   Posting   Integrated Excel in Planning   Setting Up Integrated Excel   How To Plan Using Integrated Excel   Planning Offline and Uploading into the SAP System   Example: Planning with Integrated Excel   Entering Planning Data via the World Wide Web   Entering Planning Data in the Workflow (CO-PA)   Technical Implementation   Set Up and Customizing   Example: Planning Approval   Automatic Planning Methods   Copy   Forecast   Delete   Top-Down Distribution   Example of Distribution Methods   Example: Period Aggregation   Ratios   Valuation   Revaluation   Event   Period Distribution   Customer Enhancement   Integrated Planning   Allocation of Planned Overhead   Settling Planning Data for Orders and Projects   Transfer to Sales and Operations Planning (SOP)   Interface Between COPA and LIS   Data Transfers   Transferring Planning Data to EC-PCA / FI-GL / FI-SL   Planning Process: Creating a Valuated Sales Plan   Planning Process: Planning Sales and Promotion Budgets   Maintaining Sales and Promotion Budgets   Flows of Actual Values   Sign Handling in CO-PA   Transferring Incoming Sales Orders Online   Transferring Billing Documents Online   Posting Billing Documents Subsequently   Settling Orders/Projects   Settling Incoming Orders and Open Orders for Projects   Direct Postings from FI   Entry Aids for Assignments to Profitability Segments   Periodic Overhead Allocation   Transferring Cost Center Costs   Transferring Process Costs   Procedure for Overhead Allocation   SAP AG Profitability Analysis (COPA)   Use of Cycles in Profitability Analysis   Cycles   Segments   Assessment Segment   Segment for Indirect Activity Allocation   Performing Period-Based Allocation   Allocating Activities Directly   Transferring Production Variances   Manual Line Item Entry   Top-Down Distribution of Actual Data   Example: Selection Criteria and Processing Instructions   Example: Period Aggregation   Checking/Canceling Top-Down Distribution of Actual Data   Storing Actual Data in Multiple Currencies   Multiple Valuation Approaches/Transfer Prices in CO-PA   Content of Profit Center Valuation   Data Update with Multiple Valuations   Example: Parallel Valuation of Stock Transfers and Billing   Summarization During Transfer to CO-PA   Information System   Functions in the Information System   Analysis Types   Defining Profitability Reports   Line Item Lists   Data Selection for Line Item Lists   Converting Layouts Following Upgrades   Reports Based on Line Items   Key Figure Schemes   Formula Editor   Characteristic Groups   Characteristics Hierarchy   SAP Example Profitability Reports   Executing Reports   Connection to inSight for SAP R/3   inSight for SAP R/3: Installation and Logging on   Drilldown Report in inSight   Performance in the Information System   Multiple Currencies in the Information System   Multiple Valuations in the Information System   Account-Based CO-PA in the Information System   Authorization Objects for the Information System   Tools   Authorizations   Summarization Levels   Defining Summarization Levels   Building Summarization Levels   Uses for Summarization Levels   Profitability Analysis (COPA) SAP AG   Schedule Manager   Data Archiving   Distributed Profitability Analysis (CO-PA)   Transaction-Based Distribution   Periodic Rollup   Transferring External Data   External Data Transfer   Performing an External Data Transfer   Evaluating Logs   Evaluating Logs   Post Processing Incorrect Data Records   Using the Test Data Editor   IDoc Interface Between External Billing and Accounting with Update in CO-PA   Checking the Flow of Billing Documents   Checking Value Flows from Order/Project Settlement   Technical Aspects of Profitability Analysis   Index Support for Determination of Segment Numbers   How to Check Whether an Index Is Being Used   Index Support for Drilldown Reports   Physical Structure of the Data in COPA   Physical Distribution of Data in CO-PA   Background Printing of Costing Reports

GST Benefits

  • Easy Compliance
  • Uniformaly of Tax rates and Structures
  • Removeal Of Casecading
  • Inproved Competitiveness
  • Gain to Manufacturers and exporters

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