Confirm and Post Interim COS 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 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 COS 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 module in Financials:

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

Field Information

Project: project
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: calculation office
Calculation Group: calculation group
Search Key: search key
End Date: The date until which the actual costs are taken into account for revenue recognition. The date is determined in the Calculate Interim COS and Revenues by Project (tipcs3290m000) session when calculating interim revenue and COGS.
Confirm Interim COS and Revenues: If this check box is selected, and you run the Confirm and Post Interim COS 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 COS and Revenues: If this check box is selected, and you run the Confirm and Post Interim COS 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 .