Product Cost Controlling (CO-PC) in SAP - Real-Life Scenario

Learn how Product Costing (CO-PC) works in SAP ECC & S/4HANA through a real-life end-to-end scenario.

4.50 (216 reviews)

Udemy

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English

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What you will learn

After taking this course, I guarantee that you will have a good understanding of how Product Costing works in SAP. You will be able to create advanced costing scenarios in the system and understand how Costing is integrated with Financial Accounting and Production Planning.

Why take this course?

Product Cost Controlling (CO-PC) in SAP is very simple and easy.

But why is everyone saying that Product Costing is one of the most complicated topics in SAP?

I too first struggled with costing and could not really grasp the overall picture of how things really work in the system. Everything changed when one of my colleagues saw my pain and showed me how product costing was maintained for one of the companies he was working for. After spending just a few hours in the system, I had a crystal-clear understanding of how costing in SAP works. All it took was one real-life example to see how simple the topic actually is.

This is what this course will be offering to you. We will be building a realistic end-to-end costing scenario that is based on a real-life example.

In this course, we will not be going through every single costing-related configuration screen in detail as this is usually just a waste of your time. Once you understand how one complete costing scenario is set up and how the costs are flowing inside the system, it is fast and easy for you to start expanding your knowledge on your own and become a true expert on the topic.

As Product Costing can’t be discussed without also discussing Cost Elements (note: in S/4HANA, cost element & GL master data has been merged) and Cost Centers, we will also go through all the fundamentals of Controlling (CO). So you do not need to have any prior experience with the Controlling module to take this course.

I guarantee that after this course, you have a good overall understanding of how costing works in the system and you will be ready to start implementing advanced costing scenarios in the system. My promise to you is that this will be the best SAP course you have ever taken.

The structure of this course is the following. We will first start with a short slide set that introduces our costing scenario that is based on a real-life company. The slide deck also introduces the most fundamental terms and concepts related to product costing. I know that I have made a big fuss about explaining costing through a real example in the system and not through slides but please bear with me. We will not use too much time going through the slides and we will be playing around in the system before you know it.

After we have finished our short theory session, we will start looking at how costs are planned in the system. Cost planning is essential for the creation of material costs estimates that decide how goods are valued in financial postings and in a company’s balance sheet. Cost planning also gives us information that can be used for managerial decision-making and allows us to compare actual costs to cost estimates.

The final part of the course is about the actual costs: We will go through what happens in costing during the actual manufacturing process and will see how cost controlling is linked with Production Planning and Financial Accounting.

This course is specially designed for people who have started to read a 1,000 pages SAP Controlling manual and given up after the first 100 pages after countless chapters of irrelevant background information and no realistic examples of how things actually work in practice. The unfortunate truth is that SAP consultants don’t know how to teach SAP. But I’m too shy to claim that I make an exception to this rule. Every second of my video lectures is designed to expand your knowledge as fast as possible.

Our review

🏫 **Course Overview** The course has been primarily focused on product costing within SAP CO, which it has successfully achieved based on recent reviews. It appears to be tailored for those specifically interested in understanding product costing processes and how SAP standard solutions operate. The course uses a simplified example to explain the concepts, which seems to have been effective for many learners. **Pros:** - **Specific Focus**: The course is well-suited for its intended purpose of explaining product costing in SAP CO. - **Real-World Application**: It provides a real-world scenario to help learners understand the practical application of the concepts. - **Instructor Quality**: The explanations are well-articulated, and some users have appreciated the clear lecture style. - **Comprehensive Coverage**: The course goes into detail regarding the process flow, planning, costing, and variances within SAP CO. - **Learner Satisfaction**: Many learners report that their expectations were met or even exceeded. - **Informative Content**: Users have found the content to be informative, particularly for those with prior experience in controlling. **Cons:** - **Limited Scope**: The course does not cover other types of scenario such as Sales Order costing, which might be required by some users. - **Detail in Closing Steps**: Some users have pointed out the need for more detailed explanations of the impact of closing steps on cost centers. - **Exercise Transparency**: There are concerns about the clarity of steps in the exercises when they are already completed. - **SAP Version Compatibility**: Some difficulties have been reported while following examples in an S/4HANA environment, with some transactions not existing anymore. - **Resource Availability**: The course currently lacks additional resources such as downloadable PowerPoint slides or PDF notes. - **Pricing and Value**: A few users feel the course is overpriced for the quality of coaching provided. - **Complexity and Pace**: The pace at which transactions and functionalities are explained may be too fast, especially for consultants or those new to SAP CO. - **Language and Localization**: Non-native speakers might find the course takes more time to complete due to language barriers. - **Content Originality**: Concerns have been raised about the originality of the content used in the course. - **Course Difficulty**: The course may be too basic for those with advanced SAP knowledge or for consultants, as it does not address the complexities expected in a consultant's role. - **Technology Relevance**: Some users have suggested that the course should include more modern aspects such as Fiori buttons and the use of SAP S/4HANA features instead of relying on T-codes. **Additional Notes:** - The course's effectiveness is reported to be high for those without extensive SAP CO experience, but some prior knowledge of SAP is recommended. - Users have suggested adding more activities and exercises to enhance the learning experience. - The need for additional explanations in real-world scenarios, such as using Excel for calculations with clear formulas, has been emphasized. **Final Verdict:** Overall, the course is a valuable resource for understanding product costing within SAP CO and is well-received by many learners for its informative and practical content. However, some users have pointed out areas of improvement, particularly in terms of compatibility with newer SAP versions, resource provision, content originality, and addressing the needs of consultants or those looking to understand more complex scenarios. Despite these cons, the course remains a solid training tool for those focused on product costing within the SAP CO module.

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