OKG3 Customizing RA Key to calculate Revenue recognition

[former_member188826]

Can someone throw light on how to configure PS RA Key to make the system calculate revenue based on POC percentage of completion. Need specifics around the valuation method and the overall scheme.

Thanks

[former_member388328 · Accepted solution]

Hi sridhar,

I am putting very short you need read lot of help for more information.

1 okg1 create new key

2 okg2 version 0 (will be there) turn extended control on and technical cost elements give a single cost element for the fields cost element category 31 RA. tick the indicator transfer to financial accounting.

3 maintain the combination Ra version and Ra key and select the 03 method cost based poc method.

4 maintain line id for costs, revenues

5 in okg5 assign all the cost elements to line id costs,

revenue elements to the line id revenues

6 in okg4 assign the cost line id to k and revenue line id to revenue category.

update the line id to cost elements

7 define the posting rules for cosr ans wipr rucr.

please include the cost element in your allocation structure or else it will throw you a error at the time of settlement.

I tried put it very simple, But it requires lot of reading the sap help to understand in detail.

Thanking you

Vengaiah Chowdary

[former_member188826 · Accepted solution]

Thank you Vengaiah! will explore, but it is even harder to land on a single comprehensive document.

[former_member388328 · Accepted solution]

Hi,

You can refer to product cost controlling by the sap press, even that book is not complete.

Thanking you

Vengaiah Chowdary

[former_member188826]

Well this topic ofenebling revenue recognition cannot be answered over forum in a simple manner. It does require an elaborate procedure, to get this done. There is more to understand the concept and various business scenario, before one can provide a solution.