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Basic Concepts of Cost Components in SAP S/4HANA Finance

Cost components group costs of similar type by account and cost element. The three basic cost components are listed below.

Mitesh Sanghavi
Mitesh Sanghavi

Mitesh Sanghavi is an SAP S/4HANA solution architect for the areas of finance and treasury with more than 18 years of consulting experience in designing, implementing, and managing complex SAP solutions worldwide. Mitesh is a certified project manager with master’s degrees in finance and economics. He also has detailed end-to-end business process knowledge for the media and entertainment, oil and gas, power, manufacturing, retail, and pharmaceuticals industries.

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