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BusinessScenario:Yourcompanyisexperiencinggrowthandchange.Thereisanewemphasisonproductdevelopment.AnewEngineeringdepartmenthasbeencreatedtosupportproductredesign.Youwanttobeabletoaccumulatethecostsforthisnewresponsibilityarea,thereforeyouwillcreateanewcostcenter.TheEngineeringdepartmentwillchargetheirtimetoothercostobjects.Theywilluseanactivitytypetoposttheirtime.Youwillcreateanactivitytypeandinactivityplanning,youwillassigntheactivitytypetotheEngineeringcostcenter.TheEngineeringdepartmentisincurringcosts.YouneedtoenterthesebusinesstransactionsusingFinancialAccountingandMaterialsManagement.Atperiodend,alloftheEngineeringcostsshouldbeallocatedandthebalancezero.Therefore,youwillcreateanassessmentcycletoperformthisallocation.Usingthereportingtools,youwillprocessacostcenterreporttoverifytheaccuracyoftheseposting.Task1:CreateaCostCenter.CreateanEngineeringcostcenter,namedENGR-##,incontrollingarea(1000)andintheGermansubsidiarycompanycode(1000).MakesurethatthecostcenterisvalidfortheentirefiscalyearandthatitisassignedtotheHAC040nodeonthestandardhierarchy.CostcenterENGR-##,namedas“Engineeringteam##”.Enteryournameasresponsibleperson.CostcenterENGR-##isaservicecostcentercategory(H),whichwillbeassignedtotheCorporateOtherbusinessarea(9900)andtotheInternalServicesprofitcenter(1400).Makesurethatthecostcenterislockedonlyagainstplanningandpostingrevenues.Saveyourcostcentermasterdata.HYPERLINK"http://dict.cn/to%20capture%20a%20screenshot"Screenshot: