Costpoint subtracts the ITD Revenue Loss Amount (from the Manage Revenue Information screen), if any, from the Est At Comp (EAC) amount (also from the Manage Revenue Information screen). It then divides the ITD allowable cost by that value to arrive at the ITD cost percent complete. It multiplies the ITD cost percent complete by the contract value from the Manage Modifications screen to arrive at the ITD Revenue before loss. Then the program subtracts the ITD Revenue Loss Amount, if any, from the ITD Revenue before loss, to arrive at the ITD revenue. It summarizes revenue recognized for the fiscal year, up to and including the current subperiod being calculated in the project revenue ledger. It then summarizes revenue for all fiscal years before the fiscal year being computed using the revenue amounts on the Manage Prior Year Cost and Revenue screen. The program subtracts the sum of these two values from the ITD revenue amount to arrive at the amount of ITD revenue not yet recognized.
Example: 10,000 Contract Value
11,000 EAC Amount
|
11,000 |
EAC Amount |
|
- 1,000 |
ITD Loss |
|
= 10,000 |
|
|
2,000 |
Prior Year Allowable Costs |
|
+ 3,500 |
YTD Allowable Costs |
|
= 5,500 |
ITD Allowable Costs |
5,500/10,000 = 55% ITD Cost Percent Complete
|
10,000 |
Contract Value |
|
x 55% |
ITD Cost Percent Complete |
|
= 5,500 |
ITD Revenue Before Loss |
|
5,500 |
ITD Revenue Before Loss |
|
- 1,000 |
ITD Loss |
|
= 4,500 |
ITD Revenue |
Positive revenue adjustments are considered before ceilings. Negative revenue adjustments are considered after ceilings because negative adjustments and ceilings do the same thing:
|
1,200 |
Costs (CPFC w/0% fee) |
|
1,000 |
Total Revenue Ceiling |
|
-100 |
ITD Revenue |
|
200 |
Over Ceiling Amount |
|
900 |
Revenue in PROJ_SUM |