on 09-23-2008 6:14 AM
Hello All,
I need to know whether there is direct relationship between POC and RA? Is it necessary to maintain all the config settings for POC if I want to do RA for a Project ? or can RA be done independently of POC?
Thanks in advance
Sarang
RA cannot be done with out POC
POC is an essential requirement to calculate the accruals and deferrals
There are various RA methods which basically calculate the POC
eg
Cost based -> POC = act cost/ plan cost
Rev based -> POC = act rev/ plan rev
Statistical -> POC can be entered manaully using statistical key figures
Progress Analysis -> POC is based on value from Progress Analysis - you need to set this up if you are using Progress analysis
So basically you can do RA without Progress Analysis to calculate POC. The determination of this depends on your company's financial policies and regulatory requirements in the country you are operating
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Hi,
Depends upon which valuation method you choose for RA. If it is "POC Method on Basis of Project Progress Value Determination" (method-07) then you need to have proper config. settings for POC which is used in calculations for RA...
Apart from this method I do not think that it is required.
Regards
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