Revenue Recognition Parameters (cirrc0100m000)
Use this session to to create and maintain the parameters for the revenue recognition functionality in central invoicing.
Field Information
- Introduction Date
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The date and time on which the revenue recognition parameters are created and introduced in LN.
- Financial Company
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The financial company for which the revenue recognition parameters are created or maintained.
Note: The Company Type must be Both or Financial. - Description
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The description or name of the code.
- Description
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The description or name of the code.
- Options
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- Log History
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If this check box is selected, the history must be stored on revenue contracts, revenue document lines and revenue lines.
- Use Approval
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If this check box is selected, the revenue lines must be approved before the lines can be recognized.
- Log Self-Billing Price Variance as Revenue
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If this check box is selected, the difference in amount, arrived from self-billing price is logged as revenue. If this check box is cleared, the self-billing price is logged as price variance.
- 1
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- Revenue Recognition Method Search Sequence
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The sequence for searching and selecting the revenue recognition method. Search levels include a selection of search attributes (fields) and linked terms and conditions groups. The search criteria is set in a sequential order. The criteria set at 1 is considered as first.
Note:- Search priorities are used to find a valid agreement for the specified search combination or search level.
- If a valid agreement is found for the first priority, the agreement will be used. If not, LN searches for a valid agreement for the second priority and so on.
- The value Project Scenario is applicable only if Project Pegging and Project Control (PCS) is implemented for the logistic company linked to the financial company.
- The value Sites is applicable only if the site is set to Active or In Preparation in the Implemented Software Components (tccom0100s000) session.
- Revenue Contract
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- Revenue Contracts Implemented
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Indicates if the functionality of revenue contracts are implemented for the revenue recognition method.
- Number Group
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Indicates the number group used for the revenue contracts
Note: This field is mandatory if Revenue Contracts Implemented is selected. - Series
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Indicates the series used for the revenue contract.
Note: This field is mandatory if the Number Group is specified and has a value greater than 0.