| Revenue recognition |  |
| New in Infor ERP LN 6.1 SP1 International accounting rules, for example, IFRS (International Financial Reporting Standards) require more transparancy in business financials. Public companies must be able to recognize costs and revenues not only at the end of a project but also on different moments during the project. With revenue recognition in Project Control (PCS), you can determine the interim revenue and interim cost of goods sold (COGS) for an unfinished project, even before shipping any end item. Related topics Overview of interim revenue recognition in Project Control (PCS) Procedure for interim revenue recognition in Project Control (PCS) |