Cost Center

C

An organizational unit within a controlling area that represents a defined location of cost incurrence.

Example:         600500

Cost Center Group

C

Hierarchical grouping of cost centers created to facilitate data entry and reporting.

Example:         LB00_CC

Cost Element

C

Primary cost elements have a one-to-one relationship with general ledger expense accounts. Whenever costs are posted, they must be assigned to a specific cost element.  Secondary cost elements, used to record internal allocations, have no counterpart in the financial accounts and are maintained exclusively in cost accounting.

Example:         600500

Cost Element Group

C

Hierarchical grouping of cost elements created to facilitate data entry and reporting.

Example:         LTD