Material - Cost element

[Former Member]

Dear Experts,

I wanted to know the cost elements which are related to Materials.

The purpose is I am maintaining cost component structure(OKTZ).

I am having different Components like Raw material, Finished goods, Semi Finished goods...Overheads....etc.

I want to include the cost elements in those components (Depends on Material Type).

So I need the list of cost elements as per the above criteria.

I am doing the following:

• Depends on Valuation Class :
• I am going to OBYC
• hecking the GBB Transaction (Offsetting entry for inventory posting
• Selecting the cost element against General Modifier BSA.
• Then I am maintaining those cost elements in OKTZ.
• Is it the right method or not?
• I am using only cost elements against General modifier BSA. Let me know what else( General modifiers ) to be considered.
• Is there any simple way to get the list of cost elements used based ob material type

Please let me know the correct process.

Thanks...............

[Former Member]

Hi Jyosh,

GBB -BSA (for initial entry of stock) which is an balance sheet account, why do you want to create B/S account as an cost element, In Cost component structure we will assign the cost element which are belongs to the Consumption postings and those P&L accounts not an balance sheet accounts.

If you want to you can create the balance sheet accounts as an cost element category "90", but only for statistical purpose.

Regards

Srinu

[former_member476883]

Hi Jyosh

All you need to do in OKTZ is, assign the Expense cost elements (Primary & secondary) based on the Cost Components created.

Eg

Cost component 10 - Raw Material - assign the expense account/s for Raw materials.. This probably would be GBB-VBR (if you want to align with OBYC). These CE, essentially are your consumption accounts.

Cost Component 100 - Overheads - assign secondary cost element, 9xxx series - You may have certain costs on secondaries

Hope the explanation is helpful. Let me know if you have additional questions.

Regards

Sumeet

[Former Member]

Dear Experts,

Please reply.