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<ManualTopic ID="/baanerp/tp/onlinemanual/000300" xml:lang="en">
   <Header>
      <Title>To use financial result</Title>
   </Header>
   <GeneralSection>
      <List>
         <ListIntro>The financial results of the project costs, revenues and
		  profits can be determined:</ListIntro>
         <ListItem>During the execution of
		  the project.</ListItem>
         <ListItem>When the project is
		  completed. This allows you to view over/under billing, and over/under costs, as
		  well as the revenue situation.</ListItem>
      </List>
      <GeneralSection>
         <SectionTitle>Financial interim results</SectionTitle>
         <Paragraph>The interim results
		  are the financial results of a project that has not yet been completed (for
		  example, the profit or loss postings at the end of a financial year).</Paragraph>
         <List>
            <ListIntro>There are two interim results types:</ListIntro>
            <ListItem>Interim Results Costs:
			 transactions associated with costs.</ListItem>
            <ListItem>Interim Results
			 Revenues: transactions associated with revenues.</ListItem>
         </List>
         <Paragraph>The interim results
		  costs and the interim results revenues are linked to default entry accounts and
		  default reverse entry accounts in <GUIRef href="/baanerp/tf" role="package">Financials</GUIRef>. The financial results types are
		  used as default values for maintaining or generating interim results in the <GUIRef href="/baanerp/tp/ppc/tpppc2160s000" role="session">Financial Interim Result (tpppc2160s000)</GUIRef> session or in the <GUIRef href="/baanerp/tp/ppc/tpppc2260m000" role="session">Generate Financial Interim Results (tpppc2260m000)</GUIRef> session.</Paragraph>
         <Paragraph>Use the <GUIRef href="/baanerp/tp/ppc/tpppc2260m000" role="session">Generate Financial Interim Results (tpppc2260m000)</GUIRef> session to generate the interim
		  results. You can use the <GUIRef href="/baanerp/tp/ppc/tpppc2160s000" role="session">Financial Interim Result (tpppc2160s000)</GUIRef> session to view and modify the interim results.</Paragraph>
         <Paragraph>You can select the revenue recognition and cost of goods sold
		  methods to generate the financial interim results in the <Link href="/baanerp/tp/ppc/tpppc2260m000" role="session">Generate Financial Interim Results (tpppc2260m000)</Link> session.</Paragraph>
         <Paragraph>You can set a limit on the revenue to be recognized. A maximum
		  percentage is defined on the project and extension level. The default value is
		  set to 100%. But the value can be overwritten. The percentage times the
		  contract amount gives the maximum revenue that can be recognized (until the
		  completion of the project). The revenue recognition limit is valid for all
		  revenue recognition methods except the Completed Project method.</Paragraph>
         <Paragraph>
            <GUIRef href="" role="manual">Methods to Recognize Revenue</GUIRef>:</Paragraph>
         <List>
            <ListItem>
               <Link href="/baanerp/tp/onlinemanual/000338" role="manual">Completed Project Method (RR)</Link>
            </ListItem>
            <ListItem>
               <Link href="/baanerp/tp/onlinemanual/000339" role="manual">Percentage Complete Method</Link>
            </ListItem>
            <ListItem>
               <Link href="/baanerp/tp/onlinemanual/000341" role="manual">Milestone Method</Link>
            </ListItem>
            <ListItem>
               <Link href="/baanerp/tp/onlinemanual/000340" role="manual">Reimbursement Contract Method</Link>
            </ListItem>
            <ListItem>
               <Link href="/baanerp/tp/onlinemanual/000342" role="manual">Earned Revenue Factor Method</Link>
            </ListItem>
            <ListItem>
               <Link href="/baanerp/tp/onlinemanual/000343" role="manual">Actual Revenue Method</Link>
            </ListItem>
         </List>
         <Paragraph>
            <GUIRef href="" role="manual">Methods to Determine COGS</GUIRef>:</Paragraph>
         <List>
            <ListItem>
               <Link href="/baanerp/tp/onlinemanual/000344" role="manual">Completed Project Method (COGS)</Link>
            </ListItem>
            <ListItem>
               <Link href="/baanerp/tp/onlinemanual/000345" role="manual">Profit Percentage method</Link>
            </ListItem>
            <ListItem>
               <Link href="/baanerp/tp/onlinemanual/000346" role="manual">Reimbursement Contract Method</Link>
            </ListItem>
         </List>
      </GeneralSection>
      <GeneralSection>
         <SectionTitle>Financial final results</SectionTitle>
         <Paragraph>If a project is
		  finished, you can use the <GUIRef href="/baanerp/tp/ppc/tpppc4802m000" role="session">Process Transactions (tpppc4802m000)</GUIRef> session and select the Process Financial
		  Results check box to generate the financial final result.</Paragraph>
         <Paragraph> 
            <Link href="/baanerp/tc/onlinemanual/tc" role="manual">
               <GUIRef href="/baanerp/tc" role="package">Common</GUIRef>
            </Link> changes the project
		  status to Closed and sets the <Link href="/baanerp/tp/glossary/glossary#000331" role="glossary">financial result status</Link> to <GUIRef href="/baanerp/tp/domains/pdm.pstf#definite.after" role="option">Result Determined</GUIRef>.</Paragraph>
         <Paragraph>If you close the
		  project, the financial results are reversed. The final result is available in
		  the <GUIRef href="/baanerp/tp/ppc" role="module">Project Progress</GUIRef> module.</Paragraph>
      </GeneralSection>
   </GeneralSection>
   <RelatedTopics>
      <SectionTitle>Related topics</SectionTitle>
      <RelTopic>
         <Link href="/baanerp/tp/onlinemanual/000337" role="manual">Revenue Recognition (RR) and Cost of Goods Sold (COGS)</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tp/onlinemanual/000104" role="manual">To use progress result</Link>
      </RelTopic>
   </RelatedTopics>
</ManualTopic>