S4 HANA Product costing

Course Version: S4HANA 2023

Duration: 160 Hours

Available Courses: SAP Xpert, SAP Pro+, Learning Hub

Mode of learning: Online Training | Classroom Training | Self-Paced Learning

Day: Monday – Friday / Weekend

Rating: 4.0 ⭐⭐⭐⭐

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Course Overview

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S/4HANA Product Costing Course Overview:

The S/4HANA Product Costing course provides in-depth knowledge of the key concepts and techniques used to manage product costing within the  S/4HANA environment. Product costing is essential for organizations to determine the cost of manufacturing goods and services, which plays a crucial role in pricing, profitability analysis, and cost management. The course focuses on configuring and using SAP S/4HANA’s product costing functionalities to effectively calculate costs, manage cost structures, and make informed financial decisions.

This course is ideal for professionals involved in cost management, financial controlling (CO), and those working in industries that require a solid understanding of how to calculate and control product costs.

WHO CAN JOIN THIS COURSE?

Anyone interested in learning about  S/4HANA Product Costing  can join the course, but it is particularly beneficial for individuals in the following categories:

  • ➸ Fresh Graduates: BE / B. Tech / ME / MBA / PGDBM graduates and other fresher profiles
  • ➸ Experienced Professionals: Individuals with experience in purchase, procurement, logistics, warehouse, and stores management
  • ➸ Industry Experts: Purchase executives, managers, store in-charges, warehouse and logistics professionals, and those working in BPO/KPO for international logistics, Sourcing managers, Supply chain professionals looking to streamline procurement processes using S/4HANA Product Costing  .
  • ➸ Aspiring SAP Consultants: Freshers seeking career opportunities in SAP TRM Consulting
  • ➸ Corporate Employees: Employees in organizations transitioning from non-SAP systems to SAP.

WHAT YOU WILL LEARN:

By the end of the course, participants will:

  1. Understand the core concepts and importance of product costing in SAP S/4HANA.
  2. Learn how to configure product cost planning, costing variants, and cost structures.
  3. Gain expertise in managing standard costing, actual costing, and cost estimates.
  4. Learn how to perform cost analysis for various products, including manufactured and purchased goods.
  5. Master integration of product costing with other modules like SAP MM (Materials Management), SAP PP (Production Planning), and SAP FI (Financial Accounting).
  6. Be prepared for implementing and supporting SAP S/4HANA product costing processes in live environments.

Program Highlights of  S/4HANA Product Costing Course:

The S/4HANA Product Costing course provides an in-depth understanding of product costing functionalities within SAP’s S/4HANA platform. It covers key areas such as cost planning, analysis, and reporting related to the manufacturing of products, helping businesses efficiently calculate product costs and make informed financial decisions.

Here are the key program highlights:

  • Overview of product costing in SAP S/4HANA.
  • Importance of product costing in financial reporting and decision-making.
  • Key features and advantages of SAP S/4HANA for product costing.

  • Configuring and managing master data for product costing.
    • Material Master: Overview and configuration for costing purposes.
    • Cost Center Master Data: Setting up cost centers for cost allocation.
    • Activity Types: Defining activity types for labor and machine hours.
    • Cost Elements: Classifying costs into primary and secondary cost elements.

  • Configuring costing variants for different costing scenarios.
  • Creating and maintaining cost estimates for different products and processes.
  • Defining valuation variants and costing sheets to calculate overhead costs.

  • Defining and configuring standard costs for materials and products.
  • Standard Cost Estimates: Calculating standard costs for production, material, and labor.
  • Managing variances between actual and standard costs.
  • Using standard costing for financial reporting and performance analysis.

  • Introduction to actual costing and its importance in product cost analysis.
  • Configuring actual costing run for different cost elements.
  • Managing the actual cost calculation process for goods manufactured and sold.
  • Inventory Revaluation: Revaluating inventory based on actual costs.

  • Costing of Finished Goods: Calculating and managing costs for finished products in manufacturing.
  • Costing of production orders and work orders.
  • Integration with SAP PP (Production Planning) for calculating production costs based on work orders and routing.
  • Tracking and managing costs for work-in-progress (WIP) items.

  • Defining and configuring overhead cost allocation rules.
  • Costing Sheets: Creating and using costing sheets for overhead calculation.
  • Allocating indirect costs like overhead and administrative costs.
  • Integration of overhead costs with the cost estimate process.

  • Product Cost Planning (PCP): Planning the cost of manufacturing products.
  • Costing Models: Creating and using cost models to plan costs for different product variants.
  • Cost Object Controlling: Defining cost objects for tracking production costs.

  • Analyzing product cost data with SAP S/4HANA’s real-time reporting capabilities.
  • Variance Analysis: Comparing planned vs. actual costs and managing cost variances.
  • Generating and customizing product cost reports.
  • Integrating cost data with SAP Fiori apps and embedded analytics for real-time insights.

  • Integration of product costing with SAP MM (Materials Management) for inventory management and material cost calculation.
  • Integration with SAP FI (Financial Accounting) for cost postings and cost of goods sold (COGS).
  • Integration with SAP PP (Production Planning) for accurate cost estimates based on production processes.
  • How product costing impacts financial statements and profitability analysis.

  • Managing multi-currency cost calculations for international operations.
  • Handling cost allocations for companies operating in different geographical locations.

  • Managing cost centers, internal orders, and projects in product costing scenarios.
  • Using Profitability Analysis (CO-PA) for product and customer profitability analysis.
  • Leveraging SAP S/4HANA’s advanced features for better product cost management.

  • Preparing for SAP Certified Application Associate – SAP S/4HANA Product Costing certification exams.
  • Mock exams, practice tests, and study materials for SAP certification.

Unleash your potential with our all-inclusive course! Sign up now to gain mastery in advanced business programming skills.

S/4HANA product costing
➼ Duration: 160 Hours
➼ Modes Available: Online Training | Classroom Training | Self-Paced Learning
➼ Flexible EMI options available through our loan partner.

COURSE INCLUSIONS:
  • ✔ Live trainer-led sessions
  • ✔ Hands-on practical training
  • ✔ 3 months of SAP system access
  • ✔ Comprehensive eBooks
  • ✔ Access to session recordings
  • ✔ Guidance for global certification
Join the Course ⟶

WHY CHOOSE US

AcqvistoAdvantages

Learning Support

  • Receive unparalleled guidance from industry experts
  • Expert training delivered by certified trainers and experienced consultants
  • Mentor-Mentee corner to share best practices and insights
  • Comprehensive learning materials for self-paced study

Doubt Resolution

  • Clear doubts with trainers, industry experts, and peers
  • Personalized attention to every candidate’s learning needs
  • Individualized feedback and mentoring 
  • Regular Q&A sessions for enhanced understanding

Employability Enhancement

  • Career-building workshops on soft skills and personality development
  • Guidance from industry mentors for career advancement
  • Mock interviews and group activities with experts and peers
  • Resume building and interview preparation sessions

Hands-On Practical Exposure

  • Access to real-time projects and case studies for experiential learning
  • Practical assignments aligned with industry standards
  • Simulation exercises for real-world scenarios
  • Continuous assessment to monitor and enhance progress

Learning Support

  • Receive unparalleled guidance from industry experts
  • Expert training delivered by certified trainers and experienced consultants
  • Mentor-Mentee corner to share best practices and insights
  • Comprehensive learning materials for self-paced study

Doubt Resolution

  • Clear doubts with trainers, industry experts, and peers
  • Personalized attention to every candidate’s learning needs
  • Individualized feedback and mentoring 
  • Regular Q&A sessions for enhanced understanding

Employability Enhancement

  • Career-building workshops on soft skills and personality development
  • Guidance from industry mentors for career advancement
  • Mock interviews and group activities with experts and peers
  • Resume building and interview preparation sessions

Hands-On Practical Exposure

  • Access to real-time projects and case studies for experiential learning
  • Practical assignments aligned with industry standards
  • Simulation exercises for real-world scenarios
  • Continuous assessment to monitor and enhance progress

Ready to Take the Leap?

Join the S/4HANA product costing Program Today and Transform Your Career!

CONTACT US

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