<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/diffsp1/ti/onlinemanual/000060Diff61SP1" xml:lang="en">
   <Header>
      <Title>Revenue recognition</Title>
      <Keyword type="header" order="d1e241318">
         <Level1>Differences Infor LN SP1</Level1>
         <Level2>revenue recognition</Level2>
      </Keyword>
   </Header>
   <GeneralSection>
      <SectionTitle>New in Infor LN SP1</SectionTitle>
      <Paragraph>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 <GUIRef href="/baanerp/ti/pcs" role="module">Project Control</GUIRef> (PCS), you can determine the interim
		revenue and interim <Link href="/baanerp/tp/glossary/glossary#000327" role="glossary">cost of goods sold (COGS)</Link> for an unfinished project, even
		before shipping any end item.</Paragraph>
   </GeneralSection>
   <RelatedTopics>
      <SectionTitle>Related topics</SectionTitle>
      <RelTopic>
         <Link href="/baanerp/ti/onlinemanual/000370" role="manual">Overview of interim revenue recognition in Project Control (PCS)</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/ti/onlinemanual/000371" role="manual">Procedure for interim revenue recognition in Project Control (PCS)</Link>
      </RelTopic>
   </RelatedTopics>
</ManualTopic>