Unable to recognize rev using this formula: Rev = Contract Value* Actual Cost/Approved EAC
Summary:
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We need to be able to recognize revenue on projects based on the following formula:
Revenue= Contract Value* Actual Cost/Approved EAC
When we use the Percent Spent revenue method classification, it calculates revenue based on following formula: Revenue= Contract Value* Actual Cost/Approved Cost Budget
BUT, we need the denominator in this formula to be APPROVED EAC rather than the cost budget.
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