The following is an overview of how and where the account is applied and what parameter setup is required.
Account
type
Profit and loss.
Availability
|
License code |
Configuration code |
|---|---|
|
Project II |
Work in process |
How the
account is applied
|
Transaction type |
Project type |
Statement type |
|---|---|---|
|
|
|
|
Parameter
dependencies
Project group: The check box on the tab must be selected.
Actions and
effects
|
Action |
What happens |
|---|---|
|
Post estimate |
Fixed-price projects with the completed contract assessment principle: If there is a foreseeable loss on the project, the account is debited with an expense transaction. Investment projects: If the total capitalized cost exceeds the maximum capitalization, the account is debited with an expense transaction. |
|
Reverse estimate |
For investment projects and fixed-price projects with the completed contract assessment principle, the account is credited. |
|
Elimination |
For fixed-price projects with the completed contract assessment principle, the account is credited. |
|
Reverse elimination |
For fixed-price projects with the completed contract assessment principle, the account is debited. |
