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Mastering Standard Costing Implementation in SAP S/4HANA

Mastering Standard Costing Implementation in SAP S/4HANA

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Mastering Standard Costing Implementation in SAP S/4HANA

Welcome to the comprehensive course on Mastering Standard Costing Implementation in SAP S/4HANA. This course is designed to provide participants with in-depth knowledge and hands-on experience in implementing standard costing in SAP S/4HANA.



Course Overview

This course is divided into 8 modules, covering various aspects of standard costing implementation in SAP S/4HANA. Participants will learn about the concepts, configuration, and transactions related to standard costing, as well as best practices and real-world applications.



Course Outline

Module 1: Introduction to Standard Costing in SAP S/4HANA

  • Overview of standard costing concepts
  • Benefits and limitations of standard costing
  • SAP S/4HANA costing approaches
  • Standard costing configuration in SAP S/4HANA

Module 2: Configuring Standard Costing in SAP S/4HANA

  • Configuring costing variants
  • Defining costing types
  • Setting up valuation variants
  • Configuring costing sheet and overhead calculation

Module 3: Master Data for Standard Costing

  • Material master data configuration
  • BOM and routing configuration
  • Work center configuration
  • Costing relevant data in master data

Module 4: Standard Cost Estimation

  • Creating and managing cost estimates
  • Cost estimate release and update
  • Cost estimate comparison and analysis
  • Handling cost estimate errors and warnings

Module 5: Standard Costing Transactions

  • Goods receipt and invoice receipt transactions
  • Inventory valuation and cost adjustment
  • Standard cost variance analysis
  • Period-end close and cost settlement

Module 6: Standard Costing Reporting and Analysis

  • Standard cost reports and transactions
  • Cost variance analysis and reporting
  • Inventory valuation and cost analysis
  • Using SAP S/4HANA analytics for standard costing

Module 7: Best Practices and Real-World Applications

  • Best practices for standard costing implementation
  • Real-world scenarios and case studies
  • Handling complex costing scenarios
  • Industry-specific standard costing requirements

Module 8: Final Project and Certification

  • Hands-on project: Implementing standard costing in SAP S/4HANA
  • Project review and feedback
  • Certification upon completion


Course Benefits

Upon completion of this course, participants will:

  • Gain in-depth knowledge of standard costing concepts and configuration in SAP S/4HANA
  • Understand how to implement standard costing in real-world scenarios
  • Learn best practices and industry-specific requirements for standard costing
  • Receive a certificate issued by The Art of Service upon completion


Course Features

This course is designed to be:

  • Interactive: Engage with expert instructors and participate in hands-on projects
  • Comprehensive: Covering all aspects of standard costing implementation in SAP S/4HANA
  • Personalized: Learn at your own pace and access course materials anytime
  • Up-to-date: Latest SAP S/4HANA features and best practices
  • Practical: Hands-on projects and real-world applications
  • User-friendly: Easy-to-use course platform and mobile accessibility
  • Community-driven: Connect with peers and instructors through discussion forums
  • Actionable insights: Gain practical knowledge and skills
  • Lifetime access: Access course materials anytime
  • Gamification: Earn badges and points for completing course activities
  • Progress tracking: Track your progress and stay motivated
Upon completion, participants will receive a certificate issued by The Art of Service.

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