| Fremont Corporation posts both write-offs and bonus revenue to the project-managing organization.
|
| Fremont uses one expense account to record write-offs and one revenue account to record write-ons:
|
| ·
| Write-Offs (5500)
|
| ·
| Bonus Revenue (4500)
|
| To implement the Event Revenue Account function, Fremont defines two rules:
|
| ·
| One rule to supply the Write-Offs account code for the Account segment of its Accounting Flexfield
|
| ·
| One rule to supply the Bonus Revenue account code for the Account segment of its Accounting Flexfield
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| Fremont uses existing rules to supply values for the Company and Cost Center segments of its Accounting Flexfield.
|
| Define a Rule to Determine Account Segment Value:
|
| Name
| Write-Off
|
| Description
| Revenue write-off expense account
|
| Intermediate Value Source
| Constant
|
| Constant
| 5500
|
| Segment Value Source
| Intermediate Value
|
| Define a Rule to Determine Account Segment Value:
|
| Name
| Bonus
|
| Description
| Performance and other bonus revenue account
|
| Intermediate Value Source
| Constant
|
| Constant
| 4500
|
| Segment Value Source
| Intermediate Value
|
| Enable the Write-Off Transaction and Assign Rules:
|
| Function Name:
| Event Revenue Account
|
| Transaction Name:
| Revenue Write-Off Event
|
| Segment Rule Pairings
|
| Number
| Segment Name
| Rule Name
|
| 0
| Company
| Project Company
|
| 1
| Cost Center
| Project Cost Center
|
| 2
| Account
| Write-Off
|
| Enable the Write-On Transaction and Assign Rules:
|
| Function Name:
| Event Revenue Account
|
| Transaction Name:
| Write-On
|
| Segment Rule Pairings
|
| Number
| Segment Name
| Rule Name
|
| 0
| Company
| Project Company
|
| 1
| Cost Center
| Project Cost Center
|
| 2
| Account
| Bonus
|
