Tasks to be completed when documenting an operation (from creation to publication)

 1. Enter the Title of the operation / page

2. Add the following Labels : 

    • Scope of applicability: ww, country_accounting 

    • Country or group of countries (if applicable): belux, china, france, italy, lam, nam, uk_ie, bulgaria, dach, netherlands, iberia, poland, latvia, australia, india, japan, south_korea, thailand, singapore, new_zealand, emea_transversal, apac_transversal

    • Unit and Domain according to the List of labels to be used in the Finance Service Line space

      • E.g. 1: WW Operation in Financial Accounting under domain "Central Finance Processes & Compliance":
        • Labels to be used: ww, financial_accounting, central_fin_proc_compliance

      • E.g. 2: France Operation in Financial Accounting:
        • Labels to be used: country_accounting, france, financial_accounting
          (for country operations, the Domain is always country_accounting)


3. Fill in all fields as described above

4. Name the title of each section using OPD methodology naming convention - Infinitive verb without the “to”, mainly action verb...something) - " I do something..."

5. Once the description of the operation is completed, ensure it is approved and published by launching the SBS-Finance approval workflow 


Domain: 1. Enter the Domain identified in OPD matrix (for Country specific operations, Domain = Country Accounting)

Responsibility area: 2. Enter the responsibility area described in OPD matrix ("N/A" for Country Accounting Operations)

Table of contents: Revenue Recognition

By default the table of contents displays Heading 1 & Heading 2 (other levels can be added)


Scope

3. Remove the icon when not applicable


ERP

4. Remove the icon(s) when not applicable

PF2 WP2 PE2 PI2


Frequency

5. Remove the icon(s) when not applicable

 

References

6. Add the link to SAP transaction(s) (when it exists)



Forms

7. Insert the links accordingly and change the link text with the Form name



Attachments

8. Add the link to attachments or external links


 

 

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 1. Objective and Scope

1.1. Objective of this Operation

The objective of this procedure is to balance the WBS linked to the revenue recognition method.

 

1.2. Scope

The procedure is performed on companies 5835 and 6080.

2. Definitions


3. Tasks description

 The revenue recognition process is performed on D+2, after Management Accounting team confirms that it can be performed.
It aims to balance the WBS linked to the revenue recognition method by transferring the amount to the forward month.


 3.1. Revenue Recognition process

3.1.1. Checks before posting the Revenue Recognition

3.1.1.1 Transaction Z1F_CRC_REV_RECOG

Go to the transaction Z1F_CRC_REV_RECOG

Fill the mandatory fields:

Controling area: CHEF
Company code
Posting date: Last day of the month
Revenue recognition Method: 01 & 02


On the posting tab select the options:
Sale posting only
Simulation

Document date: Last day of the month
Document type seller: SA
Document type Buyer: SA
Posting date: Last day of the month
Reversal posting date: 1st day of the following month



On the selections tab, insert the WBS elements for which the revenue recognition is being performed


Execute the transaction and check the total amount.


3.1.1.2 Transaction CJ8G

Run the Settlement transaction CJ8G in Test run,  for the WBS inserted in the Revenue recognition transaction. 


The amount in the Technical WBS must match with the total amount in the Revenue recognition Transaction


3.1.1.3 Transaction CJI3

Go to the transaction CJI3, insert the WBS in question and check the total amount for the current month

The total amount of the WBS should match with the total amount in the settlement transaction CJ8G

 3.1.2. Create Revenue Posting

3.1.2.1 Transaction Z1F_CRC_REV_RECOG

Go to the revenue recognition transaction and select the option "Create posting"

All other fields remain the same


Execute


3.1.2.2 Transaction CJ8G

Go to the transaction CJ8G and check if the amount of the technical WBS is Zero. If yes, run in production.


3.1.2.3 Final checks

- Check if the total amount of the WBS on CJI3, for the current month, is zero.
- Check if the technical WBS on CJI3 transaction, for the curent month, is zero
- Check if the technical cost center on transaction KSB1, for the current month, is zero.

...



End of document.