| # Calculate/Confirm Contract Revenues (tsctm4250m000) Use this session to calculate and/or confirm contract revenues. Calculation of contract revenues can be based on one of the following: Number of days per period Cumulative days Earned Revenue Factor (Cost per Period) Earned Revenue Factor (Cumulative Cost) The method to be used to calculate the revenue for a contract is specified in the contract itself. Contract revenue can be calculated on the whole contract, or per configuration under the contract. This session also confirms the revenue amount to be recognized. When the contract revenue is in Free status, changes to the amount to be recognized are allowed. Once the contract revenue is confirmed, it means the amount is finalized and is ready to be posted. Therefore, in the Confirmed status you cannot modify any of the attributes of contract revenue. Revenue Recognition Based on Revenue Recognition method Calculate Revenue If this check box is selected, revenue is calculated. Confirm Revenue If this check box is selected, revenue is confirmed. Update Calculated Revenues only If this check box is selected, calculated revenues only are updated. Process Report Process report Error Report Error report |