*Please see attached file*
We have a project with the following financial project settings:
In the prior period (period 9) after running revenue recognition, the accumulated recognized revenue was modified to 2,591,784.68 (cell AB9 in attached file). Accumulated margin is thus 33.85% . This was done because we decided to take more revenue in the period since there would be little to no additional costs to be incurred.
In the current period (period 10) after running revenue recognition, the accumulated recognized revenue fell to 2,261,784.68 (cell AB10 in attached file), reverting to the revenue based on the POC% . As such, income for the period is -330,000 (cell AD 10) . Accumulated margin fell to 24.20% . We would like the accumulated recognized revenue to stay as it was in the prior period (ie. we already recognized a higher revenue) while also recognizing actual cost. Is this possible ? And if so, what settings should be in place?
Any thoughts/ideas would be much appreciated.
