| # Calculate Interim COGS and Revenues by Project (tipcs3290m000) Use this session to calculate interim cost of goods sold (COGS) and revenues for PCS projects. Interim COGS and revenues are useful to gain an insight into the interim results of a PCS project, even before any end item is shipped Interim COGS and revenues are calculated on the basis of the Percentage of Completion (POC) of the project. The setting of the POC Method field in the Project Details (tipcs2130m000) session determines how the POC is calculated: Cost to date, Hours progress, or Manually entered. The calculated interim COGS and revenues can be viewed and maintained in the Interim COGS and Revenues by Project (tipcs3190m000) session. If the Post Interim Results by Cost Component check box is selected in the Project Details (tipcs2130m000) details session, you can also view the COGS by cost component in the COGS by Cost Component (tipcs3191m000) session. For more information about how the interim COGS and revenues are calculated, refer to Procedure for interim revenue recognition in Project Control (PCS). Related topics Overview of interim revenue recognition in Project Control (PCS) Procedure for interim revenue recognition in Project Control (PCS) Project A collection of manufacturing and purchasing actions that are performed especially for a particular customer order. A project is initiated by a customer order for items having a To Order order policy. The purpose of a project is to plan and coordinate the production of these items. For a standard-to-order production, the project is only used to link the item with the customer order. Otherwise, a project can include: Customized item data (BOMs and routings) Project planning (activity planning) A budget is a special type of project. A budget is used to plan and estimate, not to carry out production. Project Status The indication of the project's progress. Active This status indicates the project's execution stage. You can release planned orders, so that the required purchase and production activities can be actually started and completed. Finished As far as manufacturing is concerned, the project is finished. Also all purchase and production activities have been completed or closed, and all sales orders have been delivered for the project. Project Employee The employee that is working on the PCS project. Calculation Office A work center that determines the enterprise unit for a project or production order and that has an administrative function. For production orders, operations can be carried out in the calculation office, because the calculation office can act as a regular work center. Related topics Calculation offices Calculation Group A code representing a group of projects the user wants to compare financially. You can assign a calculation group to: A budget A main project (as long as the calculation group is not assigned to another project or single project) A single project (as long as the calculation group is not assigned to another main project or single project) Search Key An alternative form of a description used for convenience during searching. Typically, it is an abbreviation, an acronym, or a mnemonic alternative to a full description. POC Method The Percentage of Completion (POC) is the percentage of the work on the project that is finished. The POC method determines how the percentage is calculated. Allowed values Percentage of Completion Method Perform estimated cost calculation If this check box is selected, the estimated cost price for the PCS project is calculated. The project's cost price is based on the cost prices of items linked to the project, with the project quantity taken into account, the estimated surcharges, and the estimated cost price of the activities. Estimated costs for the PCS project that were already calculated, are overwritten. If this check box is cleared, the estimated project costs are not calculated but they are taken from the Cost Price by Project (tipcs3560m000) session. Note During calculation of the interim COGS and revenue, do not run the Cost Price by Project (tipcs3560m000) session. The two processes might interfer, and corrupt the data. Reference Date The date that is considered as the end date of the period for which you calculate the interim COGS and revenue. You can also use backdating. Calculate Click to calculate the interim COGS and revenue. |