Create Revenue Recognition Forecast Types
Explanation
This activity is used to create forecast types which can be used to group
revenue recognition forecasts. The purpose of forecast types is to distinguish
forecasts created for different reasons.
Each forecast type will be assigned a unique forecast version series which will
impose that every forecast version created for a particular forecast type
inherits a version prefix and version start number as defined on the revenue
recognition forecast type.
Forecast types are also used to regulate which forecast type is set as
periodic review. Only one forecast of any forecast type which has the
Periodic Review checkbox selected can be created for a particular cut off
accounting period.
Prerequisites
N/A
System Effects
Creates forecast types which will be made available through a List of Values
for connection to forecasts for grouping purposes.
Window
Revenue
Recognition Forecast Type
Related Window Descriptions
Revenue Recognition
Forecast Type
Procedure
- Open the
Revenue Recognition Forecast Type window.
- Click New (F5) to create a new record.
- In the Forecast Type field, enter a unique value by which the
forecast type can be identified (Note: There are three forecast types
suggested by the company template. They are: General, Simulation,
and Review).
- In the Forecast Type Description field, enter the description of
the forecast type to further explain the forecast type.
- In the Version ID Prefix field, enter a value which versions of
the forecast type being defined should inherit in front of the rest of the
version ID.
- In the Version ID Start Value field, enter the number with which
a forecast versions of the forecast type being defined should start. This
value appears after the version ID Prefix.
- In the Version ID Length Shown field, enter the number of
characters applicable for selected forecast type.
- Select the Periodic Review field, if you want to impose that the
particular forecast type can have only one forecast version created for a
particular cut off accounting period.
- Click Save.