Cost accounting lets you collect data from various sources, such as the general ledger, sub-ledgers, budgets, and statistical information. You can then analyze, summarize, and evaluate cost data so that management can make the best possible decisions for price updates, budgets, cost control, and so on.

Prerequisites

• Basic understanding of finance and accounting processes
• Ability to use Finance for basic processing
• General understanding of order-to-cash scenarios
• General understanding of procure-to-pay scenarios
• General understanding of inventory and warehouse costing
• General understanding of manufacturing costing