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author's profile photo Former Member
Former Member

cost element and WBS element

Hi Friends,

I understand that cost element and WBS element, both are cost collectors and finally thecost is posted

to o either a cost center or profit center. Can you explain me what is the difference between them?

Thanks in Advance.

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    author's profile photo Former Member
    Former Member
    Posted on Sep 19, 2008 at 10:42 AM

    HI

    Cost element is a cost carrier and WBS element can be a cost object. Cost element alone cannot have cost with it, it has to be posted with cost object.

    I hope, it clears your doubt

    Vijayanand Sankaran

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  • Posted on Sep 19, 2008 at 11:12 AM

    Hi!

    Cost element is a cost carriers, which carries a cost.

    Cost Center or WBS or Internal Order or Production order are Cost objects - cost collectors, which collects the costs finally after posting the transaction. For any GL to which you have prepared as a cost element, one of above mentioned cost objects is required to be assigned.

    Hope it clears to you. Pls revert back for any further query.

    Thanks & Regard,

    Taral Patel

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    • Former Member

      Cost Elements are not cost carriers, Cost object are cost carrier, Eg: WBS Element, Cost Centers, PO, e.t.c.

      Cost objects capture the cost and carry then .

      Cost element represents a cost relevent item in FI. The general ledger records the transactions and profit and loss accounts are repesented as cost / revenue items in Controlling

      All of you Correct your self.

      Regards.

      Raju.

  • Posted on Sep 19, 2008 at 01:24 PM
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