Adjust Revenue Recognition

Explanation

This activity is used to manually override the calculated revenue and costs recognized.

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.
• The periodical Capitalization and Revenue Recognition procedure must not have been acknowledged.

System Effects

When the revenue recognition is modified, it will affect the revenue recognized. Also the status of the Periodical Capitalization and Revenue Recognition procedure will change to Modified.

Window

Periodical Capitalization and Revenue Recognition

Related Window Descriptions

Periodical Capitalization and Revenue Recognition

Procedure

1. Open the Periodical Capitalization and Revenue Recognition window to select the procedure, right-click and then click View/Adjust Revenue Recognition.
2. Select the row that requires modification and select the Modify Revenue Recognition check box, and make the necessary changes to the values in the Revenue Recognized Accumulated field.
3. It is required to enter a description in the Comments field.
4. Save the changes.