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.