After the import job is finished, the different cost elements that were imported from the general ledger (GL) module are classified as primary cost elements and can be identified in the ‘view dimension members’ form. Once the cost element dimension is setup and defined, the only thing missing is starting the ‘import dimension members’ job through the respective button. This definition can either be made by referring to main account types or account ranges, as exemplified in the next screenprint. In addition, one has to define the main accounts that need to be imported into the cost accounting module. Setting up a cost element dimension necessitates that a linkage to an existing Chart of Accounts (COA) is made. To get those costs classified in the cost accounting module, a cost element dimension (that holds all cost elements required for the subsequent analysis) needs to be setup first. This investigation will be done based on the following sample data that have been recorded through a GL journal with the main accounts and financial cost center dimensions illustrated in the next figure. Within this second part, we will take a deeper look at the first pillar of a classical cost accounting system and investigate how a company’s costs can be classified for cost accounting purposes.
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