| # IFRS WIP Balance (tpppc3160m000) Use this session to view or modify a project's IFRS WIP balance that was generated by the Generate IFRS WIP Balance (tpppc3260m000) session. Related topics To use progress result Revenue Recognition (RR) and Cost of Goods Sold (COGS) Project The project code. Project Status The way to characterize a project. ERP LN distinguishes the following statuses: Free A project definition has been recorded, but the project has not yet been executed. Changes are still possible. Active During the execution of a project you can release, purchase, and register cost transactions. Finished The project is completed but it has not (yet) been financially closed. You can still register cost transactions. Actual purchase orders cannot be present for the project. Closed The project has been financially closed, the project definition can no longer be changed. Sequence Number The sequence number that identifies the WIP balance. IFRS WIP Balance Currency The currency in which the balance amounts are expressed. Billed to Customer The WIP balance of invoices sent to customers. Revenues Recognized The WIP balance of revenues recognised. WIP Costs The WIP balance of costs. WIP Cost Of Goods Sold The WIP balance of cost of goods sold. Net WIP Balance The gross WIP balance minus the other balance amounts . Finance Rate Date The date at which the exchange rate was valid. Currency Rate The exchange rate (purchase or sales) of currencies. Rate Factor The factor by which the amount in the transaction currency or the invoice currency is divided before ERP LN converts it to a home currency. A rate factor is often used for currencies that have a relatively low price, for example, Korean Won. Registration Date The date for which the WIP balance is generated. Transaction Time The transaction's date of input. Cost Control Year The cost control year for which the WIP balance was generated. Cost Control Period The cost control period for which the WIP balance was generated. Status Approved for Posting If this check box is selected, the transaction can be processed in Financials and/or in the project history. If errors that block the posting process are found, the check box is cleared. Posted If this check box is selected, the WIP balance has been processed in cost control and is posted to Financials. Posting to Financials is only possible, if Project is integrated with Financials. If this check box is cleared, the WIP balance has not yet been processed/posted, so the transaction can still be changed. Reported Cpl (Finance) If this check box is selected, the WIP balance has been determined for the project in the Process Transactions (tpppc4802m000) session. Run Date (Rep. Completed) The execution date of the processing run. Text If this check box is selected, a text is present. Print IFRS WIP Balance Starts the Print IFRS WIP Balance (tpppc3460m000) session. Generate Financial Interim Results Starts the Generate Financial Interim Results (tpppc2260m000) session. |