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

1. Open the Periodical Capitalization and Revenue Recognition window.
2. Select the procedure, right-click and then click Periodical Capitalization and Revenue Recognition Project to open Periodical Capitalization and Revenue Recognition Project window.
3. Select the project/(s) that you want to modify revenue recognition.
4. Select the Modify Revenue Recognition check box, and make the necessary changes to the values in the Revenue Recognized Accumulated field.
5. It is required to enter a description in the Comments field.
6. Save the changes.