| Generate Financial Interim Results (tpppc2260m000) |  |
| Use this session to generate interim results from data that is entered in the cost, commitments and cost forecasts sessions, and the anticipated revenues and revenue forecasts sessions. Two interim results are generated: The interim cost result. The interim revenue result. After generation of the interim result, the data can be modified in the Financial Interim Result (tpppc2160s000) session. You can select the revenue recognition and cost of goods sold methods to generate the financial interim results. Methods to recognize revenue: Completed Project Method Percentage Complete Method Milestone Method Reimbursement Contract Method Earned Revenue Factor Method Actual Revenue Method Methods to determine COGS: Completed Project Method Profit Percentage method Reimbursement Contract Method Note All the Costs, Commitments check boxes and the Forecast check box for the labor cost type are enabled only when the COGS method Reimbursement is selected. The Revenues, Forecast and Expected Revenues check boxes are enabled only when the revenue recognition method Actual Revenues is selected. In this session, the WIP balance is only calculated for revenue recognition method Percentage Complete. To calculate the WIP balance for all revenue recognition methods, use the Generate IFRS WIP Balance (tpppc3260m000) session. Related topics To use financial result To use progress result To register cost forecast Revenue Recognition (RR) and Cost of Goods Sold (COGS)
Fields | Description
Selection
Selection Range
Project | The From and To fields define a range of: projects for which the interim result is generated.
Extension | The From and To fields define a range of: extensions for which the interim result is generated.
Cost Control Period | The From and To fields define a range of: cost control year for which the interim result is generated.
/ | The From and To fields define a range of: cost control period for which the interim result is generated.
Fiscal Period | The From and To fields define a range of: fiscal year for which the interim result is generated.
/ | The From and To fields define a range of: fiscal period for which the interim result is generated.
Revenue Recognition Method
Percentage Complete | If this check box is selected, ERP LN uses Percentage Complete Method for revenue recognition.
Milestones | If this check box is selected, ERP LN uses Milestone Method for revenue recognition.
Reimbursement | If this check box is selected, ERP LN uses Reimbursement Contract Method for revenue recognition.
Earned Revenue Factor | If this check box is selected, ERP LN uses Earned Revenue Factor Method for revenue recognition.
Actual Revenues | If this check box is selected, ERP LN uses Completed Project Method for revenue recognition.
Costs of Goods Sold Method
Profit Percentage | If this check box is selected, ERP LN uses Profit Percentage method to calculate the cost of goods sold.
Reimbursement | If this check box is selected, ERP LN uses Reimbursement Contract Method to calculate the cost of goods sold.
Process Information
Financial Result Types
Fin. Result Type of Costs | The interim result type to which the costs of the interim result are posted. The Result Type field in the Financial Result Types (tppdm1155m000) session must be Interim Result Costs. You can edit the default input. Note The field is enabled only when you select one or all COGS calculation methods.
Fin. Result Type of Rev. | The interim result type to which the revenues of the interim result are posted. The Result Type field in the Financial Result Types (tppdm1155m000) session must be Interim Result Revenues. You can edit the default input. Note The field is enabled only when you select one or more revenue recognition methods. Related topics To use financial result
Periods
Registration Date | The date for which the interim results will be generated.
Post to Cost Control Per. | The cost-control year in which the posting occurs.
/ | The costs control period to which the posting occurs.
Post to Fiscal Period | The fiscal year in which the posting occurs.
/ | The fiscal period for posting purposes.
Options
Settle Previous Financial Result | If this check box is selected, the previous financial results are settled. ERP LN generates interim result for the remaining data.
Aggregate by Project/Extension | If this check box is selected, ERP LN aggregates the revenue recognition and cost of goods sold at Project or Extension level. If this check box is cleared, ERP LN generates results at the element or activity level, whenever possible.
Skip Lines With Empty Amounts | If this check box is selected, ERP LN skips lines with empty amounts at project, extension, element or activity level, while generating results.
Details
Selection of Cost Types
Costs | If this check box is selected, material costs defined in the Material Costs (tpppc2111s000) session are included in the cost part of the generated interim result. The check box is enabled only when the Reimbursement Contract Method is selected to calculate COGS.
Costs | If this check box is selected, labor costs defined in the Labor Costs (tpppc2131s000) session are included in the cost part of the generated interim result. The check box is enabled only when the Reimbursement Contract Method is selected to calculate COGS.
Costs | If this check box is selected, equipment costs defined in the Equipment Cost (tpppc2151s000) session are included in the cost part of the generated interim result. The check box is enabled only when the Reimbursement Contract Method is selected to calculate COGS.
Costs | If this check box is selected, subcontracting costs defined in the Subcontracting Costs (tpppc2171s000) session are included in the cost part of the generated interim result. The check box is enabled only when the Reimbursement Contract Method is selected to calculate COGS.
Costs | If this check box is selected, sundry costs defined in the Sundry Costs (tpppc2191s000) session are included in the cost part of the generated interim result. The check box is enabled only when the Reimbursement Contract Method is selected to calculate COGS.
Commitments | If this check box is selected, material commitments defined in the Commitments (Material) (tpppc2110s000) session are included in the cost part of the generated interim result. You can select this check box only if the forecasted material cost check box is not selected. The check box is enabled only when the Reimbursement Contract Method is selected to calculate COGS.
Commitments | If this check box is selected, equipment commitments defined in the Commitments (Equipment) (tpppc2150s000) session are included in the cost part of the generated interim result. You can select this check box only if the forecasted equipment cost check box is not selected. The check box is enabled only when the Reimbursement Contract Method is selected to calculate COGS.
Commitments | If this check box is selected, subcontracting commitments defined in the Commitments (Subcontracting) (tpppc2170s000) session are included in the cost part of the generated interim result. You can select this check box only if the forecasted subcontracting cost check box is not selected. The check box is enabled only when the Reimbursement Contract Method is selected to calculate COGS.
Commitments | If this check box is selected, sundry commitments defined in the Commitments (Sundry Cost) (tpppc2190s000) session are included in the cost part of the generated interim result. You can select this check box only if the forecasted sundry cost check box is not selected. The check box is enabled only when the Reimbursement Contract Method is selected to calculate COGS.
Forecast | If this check box is selected, forecasted material cost defined in the Material Cost Forecast (tpppc2116s000) session is included in the cost part of the generated interim result. You can select this check box only if the material commitments check box is not selected.
Forecast | If this check box is selected, forecasted labor cost defined in the Labor Cost Forecast (tpppc2136s000) session included in the cost part of the generated interim result.
Forecast | If this check box is selected, forecasted equipment cost defined in the Equipment Cost Forecast (tpppc2156s000) session is included in the cost part of the generated interim result. You can select this check box only if the equipment commitments check box is not selected.
Forecast | If this check box is selected, forecasted subcontracting cost defined in the Subcontracting Cost Forecast (tpppc2176s000) session is included in the cost part of the generated interim result. You can select this check box only if the subcontracting commitment check box is not selected.
Forecast | If this check box is selected, forecasted sundry cost defined in the Sundry Cost Forecast (tpppc2196s000) session is included in the cost part of the generated interim result. You can select this check box only if the sundry commitments check box is not selected.
Selection of Revenue Types
Revenues | If this check box is selected, revenues entered in the Revenues (tpppc3101s000) session are included in the financial interim results. The check box is enabled only when the Actual Revenue Method is selected to recognize revenue.
Expected Revenues | If this check box is selected, the expected revenues are included in the generated financial results. The expected revenue can be determined in multiple ways depending on the invoice method of the contract and the extension. The check box is enabled only when the Actual Revenue Method is selected to recognize revenue.
Forecast | If this check box is selected, the revenue forecast from the Forecast Extra Revenues (tpppc3106s000) session is included in the revenue part of the generated financial result. The check box is enabled only when the Actual Revenue Method is selected to recognize revenue.
Commands | Description
Generate | Generates interim results for the specific data selection.
Project Selection | Starts the Project Selection (tppdm6800m000) session which helps select a range of projects with the specified classification.