Hi..
To select accounting-based co-pa or costing-based co-pa regardless of SAP Business Suite and SAP S/4HANA, you can consider the below function like automatic valuation function.
Costing‑based CO‑PA can valuate incoming sales orders or billing documents to automatically determine anticipated sales deductions or costs.
Costing‑based CO‑PA can use automatic valuation to calculate planned revenues, sales deductions and costs of goods manufactured based on the planned sales quantity in CO-PA planning.
But Accounting-based CO-PA don’t support t automatic valuation function.