Revising Profit Recognition Records for Revenue Performance Obligations
Use the Single Job Adjustments program (P51440) to select individual revenue performance obligations (RPOs) for a job and make adjustments at the RPO level. You cannot add or delete profit recognition information in the P51440 program.
When selecting an RPO to make an adjustment, enter P (Revenue Performance Obligation) in the Subledger Type field on the Work with Profit Recognition Versions form. Click Select to access the Single Job Adjustments form, where you can select Account Adjustment from the Form menu to access the Account Adjustment form.
Use the Account Adjustment form to review and revise amounts for individual accounts in the profit recognition record. You can update projected final amounts for a selected RPO, and when you do so, the system recalculates the rest of the fields based on the recognition method (percentage of cost / percentage of revenue). When you adjust the cost amount using the Accrual/Deferral field in the header on the Single Job Adjustments form, the system adjusts the Actual Cost to Date amount and recalculates the profit data.
For additional information about reviewing profit recognition records and revising the accounts in the profit recognition records, review the following section: