goodmale27

 Profile Answers by goodmale27 

• Feb 2nd, 2008

 

Consumption based planning uses historical consumption data to plan the requirements for future (either to production or purchase). MRP planning is based on requirements or demands which are entered manually or as a result of some other activities

Prashant.G

 Profile Answers by Prashant.G 

• Jun 18th, 2008

 

Cost Center Accounting provides information on the costs incurred by your business. Within SAP, you have the ability to assign Cost Centers to departments and /or Managers responsible for certain areas of the business as well as functional areas within your organization. Cost Centers can be created for such functional areas as Marketing, Purchasing, Human Resources, Finance, Facilities, Information Systems, Administrative Support, Legal, Shipping/Receiving, or even Quality. Cost Center is irrespective of what type of expense it is. It just collects the information about how much is being spent on particular area (depending on how the area is categorized) GL Accounts are the Ledger accounts which capture the accounting information i,e. credit and debits. The six digits of your account number in the SAP system are used to classify revenues, expenditures, and transfers, and are grouped with respect to a particular type of consumptions such as 510200 Tuition and Fees, 514000-514400 State of Michigan Appropriation, 517500-517800 Endowment Investment Income, 519200 Interest Earned, 521000 Fines, 540300 Miscellaneous Income, 568100 Travel Card And etc and etc. Regards,Prashant.