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Recognition of Loss Events for Loss making Contracts

in Project Management 3 comments

Summary:

Hi Team,

Regarding the Onerous Contracts (Loss making contracts) functionality, we have implemented it through Revenue Method with Process Configurator and This event (Loss Accrual) has been configured to perform a custom calculation (Total Project Cost – Total Project Revenue (based on EAC values from the project forecast)).

However, the loss accrual should in fact be reversed at the end of the project, as at that point the loss is already fully recognized (by the virtue of the cost exceeding the revenue and the project coming to an end). Is It possible to have the loss accrual reversing at the end of the project life?

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