Make Default Settings for cost element -OKB2

Hi,
What is the importance of the this process?
Please give your views, I have read the information provided by SAP.
Regards,
Pankaj

Hi
This process is for creating Cost Elements.
We can create Cost Elements in FS00 by selecting Edit Cost Element and giving Validity Period and Cost Element category.
We can create Cost Elements in KA01 also.
In the above 2 processes we can create a single Cost Element only at a time.
If you want to create more number of Cost Elements at a time, then you need to do the Process of Automatic Creation of Cost Elements, Make Default Settings -->OKB2 , Create Batch Input Session -->OKB3 and Execute Batch Input Session -->SM35.
Regards
Venkat

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