The configuration of business event preparation will help set up master data for the Training and Event Management components such as resources. It also helps in setting up the hierarchical structured business event catalog. We start setting up the cost items; basically, the cost items represent the costs incurred by the business events. It is also required for transferring costs to cost accounting and also for determining price proposal. Cost items are defined by navigating to SPRO | Training and Event Management | Business Event Preparation | Define cost items or via the SM30/31 T-code in the T77KB table. Cost items help us store the costs for resources, resource types, business events, and business event types. The cost items have a provision for defining the cost as follows:

We can also state whether the cost is relevant for transfer to accounting, and if yes, we have them mapped to the controlling area...