The reason for such a request could be a change in management reporting requirements. The cost center is used to collect costs and is distinguished by area of responsibility or accounting method. If this dialog box appears, set the controlling area. Controlling area Enter MIT for the controlling area. MIT is the only established controlling area for the entire Institute.
Cost center Enter the number of the cost center being created.
During the transition, it is the Classic system account number followed by 00. Valid from If the desired start date for the cost center is not today's date, enter a new date. Otherwise, do not change. Otherwise, do not change. If you want to create a cost center with reference to an existing cost center, enter the existing cost center's number.