Process

Specify whether to create an audit trail (journal entries) when you make changes to the projected final values (cost, revenue, or profit). Values are:

Blank: Do not create an audit trail.

1: Create an audit trail. The system creates the journal entry with a document type of FP.

Specify the ledger type to assign to the journal entries that the system generates when you enter 1 in the Projected Final Change Entries processing option. Use when creating journal entries for projected final changes. If you leave this processing option blank, the system assigns ledger type FA.

Job (Business Unit)

Specify the job number to assign to the journal entries that the system generates for profit recognition. The system uses the value that you enter in this processing option in conjunction with the object (cost code) and subsidiary (cost type) accounts entered in the profit recognition AAIs.

Subledger

Specify the subledger to assign to the journal entries that the system generates for profit recognition.

Note: The job number, subledger, and subledger type entered will override the corresponding values provided by AAIs ISXXXX, JCCOUA, JCBOUA, and JCLOSS.

Subledger Type

Specify the subledger type to use when overriding the account during the creation of entries for cost, revenue, over billing, and under billing on the Income Statement.

Note: The job number, subledger, and subledger type entered will override the corresponding values provided by AAIs ISXXXX, JCCOUA, JCBOUA, and JCLOSS.

Specify whether the system summarizes IS/BS entries. Depending on the value, the system will either generate the full detail with multiple lines of journal entries for each account or summarize the journal entries into one IS and one BS transaction per account number.

Specify whether to add the value in the Provision for Loss field to the Earned Job to Date Cost field. The system calculates and displays a provision for loss value if estimated cost for the contract exceeds estimated revenue. Values are:

Blank: Add the provision for loss value to the earned job to date cost. As a result, the value in the Earned Job to Date Cost field is not equal to the percent complete multiplied by the projected final cost in the Group Job Adjustments program (P5144) and Single Job Adjustments program (P51440).

1:Do not add the provision for loss to the earned job to date cost.

Note: You must set this processing option to the same value for these programs: Profit Recognition Build (R51800), Executive Summary Report (R51443), Create Journal Entries for Profit Recognition (R51444), Single Job Adjustment Screen (P51440), and Group Job Adjustment Screen (P5144).

Specify whether to calculate the earned cost and revenue amounts when the cost and revenue for the prior period are reversed, and the current period is a reversal of the prior period. Values are:

Blank: Calculate earned cost and revenue amounts.

1: Do not calculate earned cost and revenue amounts.

Note: You must set this processing option to the same value for these programs: Profit Recognition Build (R51800), Executive Summary Report (R51443), Create Journal Entries for Profit Recognition (R51444), Single Job Adjustment Screen (P51440), and Group Job Adjustment Screen (P5144).