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WS: 51: Profit Recognition Accounting (Doc ID 626037.1)

Last updated on OCTOBER 22, 2019

Applies to:

JD Edwards World Project Costing (Job Cost) - Version A7.3 cume 4 to A9.3 [Release A7.3 to A9.3]
Information in this document applies to any platform.

Purpose

To explain to you the purpose, calculations, and journal entries for Profit Recognition.

Scope

N/A

Details

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In this Document
Purpose
Scope
Details
 Overview
 Calculation of Projected Final Cost/Revenue
 Example of Projected Final Cost
 Example of Projected Final Revenue
 Calculation of Percent Complete
 Calculation of Over-billings and Under-billings
 Under-billings and Over-billings Accounting Entries
References

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