Cost accounting

Requirement

Modern controlling means securing the profitability of the company.

M3 solution

M3 Financials tools support, among others, these cost accounting processes:

• Flexible allocation rules with fix and dynamic keys on all six dimensions
• Internal allocation, based on cost driver units and rates
• User-defined models for cost center analysis up to automated budget and actual rate calculation
• Budgeting, and comparison of budget and actual for any time frame
• Integrated post-calculation costing and integrated order costing
• Integrated product costing
• Contribution analyses
• Historic actual costing after period closing

In this country, most cost accounting tools are traditionally used to perform contribution analyses, using the perpetual accounting facilities for contribution analyses in parallel with periodic external legal accounting.

Configuration guidelines

Not applicable.