1. Job Cost Implementation Guide
  2. Understanding the Obsolete Profit Recognition Records Process

Understanding the Obsolete Profit Recognition Records Process

Use the Obsolete Profit Recognition Records report (R51446) to mark records as obsolete in the Profit Recognition (F5144) and Profit Recognition Account Balance (F51445) tables. The system initially created these records in the F5144 and F5145 tables when you ran the Profit Recognition Build report (R51800). If you need to rerun the R51800 report at a different summarization level than it was previously run at, you first have to mark the existing profit recognition records as obsolete.

Note:

You may need to rerun a job at a different summarization level than it was previously run at in order to adhere to the revenue recognition accounting standards.

See "Understanding Revenue Recognition" in the JD Edwards EnterpriseOne Applications Accounts Receivable
                        Implementation Guide.

Review the following rules related to the R51446 report:

  • If you run the R51446 report at a summarization level that is different from the level at which you ran the R51800 report for the job, the system does not mark any records as obsolete.

  • If you re-run the R51800 program at a different summarization level after you run the R51446 program in proof mode, the system displays an error.

  • If you re-run the R51800 program at a different summarization level after you run the R51446 program in final mode, the system updates the percent complete, percent final, and earned amounts, but the system does not update amounts that were updated when the R51800 program was initially run at the previous level.

  • If you run the R51800 program twice (both before and after you run the R51446 report) for a job at the same level (project, job, subledger, or RPO), the system displays an error.

Whether you run the R51446 report in either proof or final mode, the system creates a report with the job number, summarization level and number of obsolete records. When you run the R51446 report in final mode, the system also updates the Obsolete Flag in the records in the F5144 table.

When you access either the Group Job Adjustments program (P5144) or the Single Job Adjustments program (P51440) after you run the R51446 report, the system displays only active profit recognition records, not obsolete records. When you run either the Create Journal Entries report (R51444) or the Profit Recognition Job Status report (R51445) after you run the R51446 report, the system does not consider obsolete records.