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If the Version field is blank, journal entries have been generated for the profit recognition records and you cannot revise any of the information. Review and revise profit recognition records for multiple jobs. Review and revise the profit recognition record for a single job.
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You can view only the account records for a profit recognition version that contains a value in the Version field on the Work with Profit Recognition Versions form. Revise accounts in the profit recognition record.
Review and revise amounts for individual accounts in the profit recognition record. If you leave this processing option blank, the dating options profit jobs uses version ZJDE Select Button Exits Specify the program to run when you select a profit recognition version on the Work with Profit Recognition Versions form.
If you leave this processing option blank, the system uses the ZJDE version.
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The system calculates and displays a provision for loss value if estimated cost for the contract exceeds estimated revenue. Values here Blank: Add the provision for loss value to the earned job to dating options profit jobs cost.
As a result, the value in the Earned Job to Date Cost field is not equal to the percent complete multiplied by the projected final cost in the Group Job Adjustments program P and the Single Job Adjustments program P Figure Single Job Adjustments form You can review and revise the same fields regardless of which job adjustment program you select.
Version Enter the version of the R program that was used to generate the profit recognition records. If this field is blank, journal entries have been generated for the profit recognition records and you cannot revise the information.
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You can revise the threshold percent to review the changes to the profit calculations, if any. Enter the percent complete in the field that corresponds to the recognition method. The system recalculates projected final values and displays the fields automatically when you click OK.
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Recognition Method Enter source value of the Recognition Method field at the time the R program was run. You can revise the value to review the changes to the projected final values and profit amount.
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When you change the value of this field, the system moves the Percent Complete field under the corresponding field. For example, if you enter 1, the Percent Complete field appears under the Cost field because it applies to cost. If you enter 2, the Percent Complete field appears under the Revenue field because it applies to revenue. If you enter the amount as a positive number accrualthe system adds the value to the actual cost.
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If you enter the amount as a negative number deferralthe system subtracts the value from the actual cost. Deferred Method Enter the value of the Defer Preference field at the time the R program was run.
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