CEL

In the world of SAP FI-CO, CO stands for ‘Controlling and Cost Management’ or ‘Costing’ among some companies, as a subset. Controlling also includes Internal Accounting and Management Accounting. CO has three primary subsections: OM, CEL, and PCA. These subsections cover overheads, cost and revenue element accounting, and profit center accounting.   Costing elements that manage objects in Controlling with Project Systems include internal orders, the cost centres themselves, and the project systems’ work breakdown structure, among others. In aggregate, these roll up to profit centres and then to the balance sheet.   Cost Centres are simplistically units within SAP… Read more