Hi @Dulanjana Senevirathne 

As per my knowledge , The “Capitalized Actual Revenue Partially Completed” is the portion of revenue that has been recorded for a project but is tied to work that isn’t fully finished. In your formula, it’s subtracted from the total recognized revenue because this part shouldn’t be fully counted yet since the work is still ongoing. In simple terms, it’s capitalized revenue for incomplete work that can’t be fully recognized yet.

Regards 

Chanuka

Hi  @Chanu_Yazi ,

Thank you for your feedback. It makes sense. So simply it is the Actual Revenue Capitalized in the project. Correct? 

The system has posted a voucher for this value and it picks from the above-mentioned field - Adjusted Accumulated Recognized Value.  Do you have an idea of the theoretical background of why systems create this value and post a voucher? 

Thank you,

Dulanjana

Hi @Dulanjana Senevirathne 

Thank you.

"Capitalized Actual Revenue Partially Completed” refers to revenue for work that’s been done but not fully finished yet. This revenue is recorded as capitalized because the project is still ongoing, and can’t be fully recognized until the work is completed. This aligns with accounting standard, lFRS 15 , which ensure revenue is only recognized for work that’s substantially done. The system tracks this to accurately reflect work-in-progress (WIP) and make sure only the completed portion of the project is counted as revenue, while the rest stays deferred until milestones are reached.

Regards 

Chanuka

Hi @Chanu_Yazi ,

Yes, I understand the basic basis here. But I’m referring to “Adjusted Accumulated Recognized Value”. The revenue recognition is accepted for the WIP and here there is another field called “Adjusted Accumulated Recognized Value”. The above-mentioned formula is the calculation. 

The Adjusted Accumulated Recognized Value seems to be calculated when revenue recognition is zero. I’m trying to understand what is the “Adjusted Accumulated Recognized Value”. 

Thank you,

Dulanjana

Hi @Chanu_Yazi ,

Yes, I understand the basic basis here. But I’m referring to “Adjusted Accumulated Recognized Value”. The revenue recognition is accepted for the WIP and here there is another field called “Adjusted Accumulated Recognized Value”. The above-mentioned formula is the calculation. 

The Adjusted Accumulated Recognized Value seems to be calculated when revenue recognition is zero. I’m trying to understand what is the “Adjusted Accumulated Recognized Value”. 

Thank you,

Dulanjana

Hi @Dulanjana Senevirathne 

I’ll check and get back to you then. I need to look into this more.

Regards,

Chanuka

Hi @Chanu_Yazi ,

Yes, I understand the basic basis here. But I’m referring to “Adjusted Accumulated Recognized Value”. The revenue recognition is accepted for the WIP and here there is another field called “Adjusted Accumulated Recognized Value”. The above-mentioned formula is the calculation. 

The Adjusted Accumulated Recognized Value seems to be calculated when revenue recognition is zero. I’m trying to understand what is the “Adjusted Accumulated Recognized Value”. 

Thank you,

Dulanjana

Hi @Dulanjana Senevirathne 

Recognized revenue can be manually adjusted. Once adjusted, the revenue recognition status of the project will change to 'Modified.' To perform this, the PCRR status of the project must not be 'Acknowledged.' Additionally, this can only be performed for PoC and event-based RR methods.

Regards,

Chanuka