Hello D.M.-azing D365 Community!
In this article we are to learn more about the building blocks and core of Cost accounting in D365 FO which are called Cost accounting dimensions.
The Cost accounting dimensions are used to categorize and analyze data in the Cost accounting module.
As mentioned in our previous blog (https://wp.me/pcj386-ik), we have three (3) dimensions in Cost accounting, namely: Cost element, Cost object and Statistical dimensions.
Now, let us unbox the differences of these dimensions in this blog.
And on the upcoming articles, expect that we will explore and unbox each Cost accounting dimensions.
1. Cost element dimensions – are the cost-relevant items in the Chart of accounts. This element should be at the lowest level where the costs can flow in a business.
D365 FO path: Cost accounting > Dimensions > Cost element dimensions
2. Cost object dimensions – This element is used to determine where costs should be assigned. Any financial dimension can be configured or used as Cost object.
D365 FO path: Cost accounting > Dimensions > Cost object dimensions
3. Statistical dimensions – This element is a non-monetary element that is derived either from D365 FO data sources or outside data sources. Non-monetary data includes number of employees or electricity consumption.
D365 FO path: Cost accounting > Dimensions > Statistical dimensions
I hope that you find this article as a helpful tool for you to better appreciate and understand, everything and anything, about Microsoft Dynamics 365 for Finance and Operations.
It will truly be a privilege if you will allow me to know your thoughts and suggestions for me to further improve the coming featured articles on our blog.
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