Adjust Revenue Recognition
Explanation
This activity is used to manually override the recognized revenue and cost.
Prerequisites
- The periods for revenue recognition must have been defined.
- Projects must exist with balances and the revenue recognition method must
have been based on the POC methods or event based method.
- The periodical capitalization and revenue recognition status of the
project/(s) must not
have been Acknowledged.
System Effects
When the revenue recognition is modified, it will
affect the revenue recognized. Also the
periodical capitalization and revenue recognition status of the project/(s)
will change to Modified.
Window
Periodical Capitalization and Revenue Recognition
Project
Related Window Descriptions
Periodical Capitalization and Revenue Recognition
Project
Procedure
- Open the
Periodical Capitalization and Revenue Recognition window.
- Select the procedure, right-click and then click Periodical
Capitalization and Revenue Recognition Project
to open Periodical Capitalization
and Revenue Recognition Project window.
- Select the project/(s) that you want to modify revenue recognition.
- Select the Modify Revenue Recognition check
box, and make the necessary changes to the values in the Revenue Recognized
Accumulated field.
- It is required to enter a description in the
Comments field.
- Save the changes.