Confirm and Post Interim COGS and Revenues by Project (tipcs3291m000)

Use this session to confirm the interim COGS and revenue for a specific PCS project, and post them to the General Ledger (GLD) module in Financials.

Interim COGS and revenue for a PCS project are useful when you want to gain an insight into the interim results of a PCS project, even before any end item is shipped. After you run the Calculate Interim COGS and Revenues by Project (tipcs3290m000) session, the aggregated COGS and revenue of a specific PCS project can be viewed and maintained in the Interim COGS and Revenues by Project (tipcs3190m000) session.

After you have viewed and maintained the interim COGS and revenue, you must confirm and post them to the General Ledger (GLD) module in Financials:

  • Confirm
    Select the Confirm Interim COGS and Revenues check box, and run the Confirm and Post Interim COGS and Revenues by Project (tipcs3291m000) session. After confirming, you cannot adjust data in the Interim COGS and Revenues by Project (tipcs3190m000) session anymore. Note that you can also confirm the interim COGS and revenue by clicking (de-) Confirm in the Interim COGS and Revenues by Project (tipcs3190m000). You can deconfirm the data by clicking (de-) Confirm again.
  • Post
    Select the Post Interim COGS and Revenues check box, and run the Confirm and Post Interim COGS and Revenues by Project (tipcs3291m000) session. The interim COGS and revenue for the PCS project is posted to the General Ledger (GLD) module in Financials.

Related topics

 

Project

A collection of manufacturing and purchasing actions that are performed for a particular customer order. A project is initiated to plan and coordinate the production of the to be manufactured items.

For a standard-to-order production, the project is only used to link the item with the customer order. A project can also include these:

  • Customized item data (BOMs and routings)
  • Project planning (activity planning)
Project Status

The status assigned to a PCS project, which indicates how far the project has been processed.

Project Employee

The person who is in charge of the project.

Calculation Office

A work center of the type Costing Work Center that is used to determine the enterprise unit for a project, or production order and also has an administrative function.

Note

When linked to production orders, the Use as Calculation Office check box in the Work Centers (tirou0101m000) session must be selected for the work center.

Calculation Group

A code representing a group of projects the user uses to compare financial data.

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.

End Date

The date until which the actual costs are taken into account for revenue recognition. The date is determined in the Calculate Interim COGS and Revenues by Project (tipcs3290m000) session when calculating interim revenue and COGS.

Confirm Interim COGS and Revenues

If this check box is selected, and you run the Confirm and Post Interim COGS and Revenues by Project (tipcs3291m000) session, the interim COGS and revenues are confirmed. After confirming, you cannot adjust data in the Interim COGS and Revenues by Project (tipcs3190m000) session anymore.

Note

You can also confirm the interim COGS and revenue by clicking (de-) Confirm in the Interim COGS and Revenues by Project (tipcs3190m000) session. You can deconfirm the data by clicking (de-) Confirm again.

Post Interim COGS and Revenues

If this check box is selected, and you run the Confirm and Post Interim COGS and Revenues by Project (tipcs3291m000) session. The interim COGS and revenue for the PCS project is posted to the General Ledger (GLD) module in Financials.

Posting Date Cost/Turnover Sales

The date that the interim COGS and revenue are posted to the General Ledger (GLD) module in Financials.