| | Calculate Interim COGS and Revenues by Project (tipcs3290m000)Use this session to calculate interim cost of goods sold (COGS) and revenues for PCS projects.
Interim COGS and revenues are useful to gain an insight into the interim
results of a PCS project, even before any end item is shipped Project A collection of manufacturing and purchasing actions that are
performed especially for a particular customer order. A project is initiated to
plan and coordinate the production of these items. For a standard-to-order production, the project is only
used to link the item with the customer order. Otherwise, a project can
include: - Customized item data (BOMs and routings)
- Project planning (activity planning)
A budget is a special type of project. A budget is used to
plan and estimate, not to carry out production. Project Status The indication of the project's progress. Active This status indicates the project's execution stage. You
can release planned orders, so that the required purchase and production
activities can be actually started and completed. Finished As far as manufacturing is concerned, the project is
finished. Also all purchase and production activities have been completed or
closed, and all sales orders have been delivered for the project.
Project Employee The employee that is working on the PCS project. Calculation Office A work center that determines the enterprise unit for a project
or production order and that has an administrative function. For production orders, operations can be carried out in the
calculation office, because the calculation office can act as a regular work
center. Calculation Group A code representing a group of projects the user wants to
compare financially. You can assign a calculation group to: - A budget
- A main project (as long as the calculation group is not
assigned to another project or single project)
- A single project (as long as the calculation group is not
assigned to another main project or single project)
Search Key An alternative form of a description used for convenience
during searching. Typically, it is an abbreviation, an acronym, or a mnemonic
alternative to a full description. Percentage of Completion Calculation Method The Percentage of Completion (POC) is the percentage of the
work on the project that is finished. The POC method determines how the
percentage is calculated. Perform estimated cost calculation If this check box is selected, the estimated cost for the PCS project is
calculated. The project's standard cost is based on the standard costs of items
linked to the project, with the project quantity taken into account, the
estimated surcharges, and the estimated standard cost of the activities.
Estimated costs for the PCS project that were already calculated, are
overwritten. If this check box is cleared, the estimated project costs are not calculated
but they are taken from the Standard Cost by Project (tipcs3560m000) session. Note During calculation of the interim COGS and revenue, do not
run the Standard Cost by Project (tipcs3560m000) session. The two processes might
interfere, and corrupt the data. Reference Date The date that is considered as the end date of the period for
which you calculate the interim COGS and revenue. You can also use
backdating. | |