Results analysis and settlement for projects with Sales Order
Hi Costing Gurus,
We are implementing SAP for ECO business in ECC 6.0 with SD, FICO and PS modules and we have contracting jobs which will run for longer periods. we are planning to POC method based on actual cost and Progress billing methods in projects. my understanding is that Reasults analysis will be used to calculate the WIP, Reserves, Losses etc.. however revenue has to be recognized using sales and distribution module with (SD-BIL-RR) component. How ever i have started testing this scenario in test system and i have couple of clarifications and seeking some help from experts to correct my understanding.
i have below questions.
1. KKA* . results analysis only calculates the amounts (WIP, reserves, losses etc.) or it can update the accounting.
2. i found from the blogs and online documents FI posting only happens through settlement and it specifies the Profitability segemnt should be used as receiver in Project . is it madatory to use profitablty segemnt. as we are not implementing COPA can i use any other object and what would be the impact of it.
currenty i have selected update RA key and i could find no FICO documents created with that.
3. Do i need to use Revenue recognition in SD along RA in controlling to get my accrual posting for recenues. RA can only serve Cost part of the project or it can Revenue accrual also ?
Seeking expert suggestion on this.