Cost center and proit center bi reports

Question

hi all ;
   we want to prepare bi reports for cost center and profit centers same as r/3 report standard and r/3 features in bi so help me out in this how to follow iam new to bi l
regards
ram

Answer 1

Hi Raman..
Cost Center : It provides information on the costs incurred by your business. Within SAP, you have the ability to assign Cost Centers to departments and /or Managers responsible for certain areas of the business as well as functional areas within your organization. Cost Centers can be created for such functional areas as Marketing, Purchasing, Human Resources, Finance, Facilities, Information Systems, Administrative Support,  Legal, Shipping/Receiving, or even  Quality.
Some of the benefits of Cost Center  : (1) Managers can set Budget /Cost Center targets; (2) Cost Center visibility of functional departments/areas of your business; (3)  Planning ; (4) Availability of Cost allocation methods; and (5) Assessments/Distribution of costs to other cost objects.
Profit Center : provides visibility of an organizationu2019s profit and losses by profit center. The methods which can be utilized for EC-PCA (Profit Center Accounting) are period accounting or by  the cost-of-sales approach. Profit Centers can be set-up to identify product lines, divisions, geographical regions, offices, production sites or by functions. Profit Centers are used for Internal Control purposes enabling management  the ability to review areas of responsibility within their organization. The difference between a Cost Center and a Profit Center is that the Cost Center represents individual costs incurred during a given period and Profit Centers contain the balances of costs and revenues.
Regards
Sudheer