Training & Event Management - Integration with Cost Accounting

Dear friends,
I am asking this question because I have no idea of FICO. This question is on integration of Training & Event Mgt with Cost Accounting. What is the meaning of Internal activity allocation & Cost transfer posting? What is the purpose of this integration & how it is reflected in FICO? What benefit a client gets when it is integrated? Who is the sender cost center & who is the receiving cost center and where it is maintained in TEM?
Please help. Please try to reply it in simple language, not in FICO language.
Thanks,
Daniel

Dear Daniel,
Activity Allocation and Billing >
This process comprises all of the functions for settling fees in Training and Event Management, as well as the functions for recording costs and cost transfer posting. In addition, this describes all other functions that are in any way connected with fee processing in Training and Event Management. This includes the following functions:
Billing, which involves creating invoices and credit memos for attendance and cancellation fees
Internal Activity Allocation, which involves settling attendance and cancellation fees and instructor costs
Cost Transfer Posting, which involves transfer posting of event costs in which the cost center of the resource is credited and the cost center of the organizer is debited
Price Proposal, which involves calculating a price proposal on the basis of the cost items stored for a business event. The proposed price can be adopted as the event price.
Budgeting, which involves creating a training and education budget for organizational units and comparing budgets with the actual costs accrued for attendance fees
Please refer the below help link to understand the functionality from TEM point of view :
http://help.sap.com/saphelp_47x200/helpdata/en/77/bff8ab4a2911d182b80000e829fbfe/frameset.htm
Please review :
Activity Allocation and Billing
Billing
Internal Activity Allocation
Business Event Costs
Cost Transfer Posting in Cost Accounting
Hope this will help you clarifying all your queries.
Best Regards,
Chetan Bajaj

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