Analyze Forecast
Explanation
Use this activity to analyze amounts in the revenue recognition forecast. You can graphically analyze
accumulated amounts and period amounts. It is also possible to modify estimated revenue and costs to see the impact
on recognized amounts of projects having Revenue Recognition Method POC Income First or POC Revenue
First. You can also modify POC and accumulated simulated cost to see the impact on recognized amounts. For
projects having Revenue Recognition Method Event Based, analysis can be carried out by modifying accumulated
recognized cost and revenue.
It is also possible to analyze all revenue recognition forecasts connected to a particular project.
Prerequisites
- Revenue recognition forecast need to be created.
- POC and the accumulated simulated cost must be updated in order to calculate recognized amounts for projects
having Revenue Recognition Method POC Income First or POC Revenue First.
- POC, estimated revenue and estimated cost of each event for required accounting periods must be updated in
order to calculate recognized amounts for projects having Revenue Recognition Method Event
Based.
System Effects
- Recognized amounts will be changed according to the POC and accumulated simulated cost you update in the
revenue recognition forecast for projects having Revenue Recognition Method POC Income First or POC
Revenue First.
- Recognized amounts will be changed in the forecast line when event level information is updated for projects
having Revenue Recognition Method Event Based.
- Line chart will be displayed based on the accumulated period amounts.