Contract Balance Movements
Application component: Revenue Accounting Contract Processing
App type: Web Dynpro
Line of business: Finance
Leading industry: Cross Industry
Solution capability: Financial Accounting (S/4)|Revenue and Cost Accounting (S/4)
Description:    The opening and closing balances of contract assets and contract liabilities from contracts with customers   Revenue recognized in the reporting period that was included in the contract liability balance at the start of the period   A change in the time frame for a right to consideration to become unconditional (for a contract asset to be reclassified to a receivable)    A change in the time frame for a performance obligation to be satisfied (for the recognition of revenue arising from a contract liability)    Impairment of a contract asset    Cumulative catch-up adjustments to revenue that affect the corresponding contract asset or contract liability   Note Revenue Catch-up is disclosed as a separate analytic report with different dimensions. You can use this analytical report to display contract balance movements of a contract asset and contract liability for a reporting period in multiple currencies. Here the reporting period can be fiscal year, fiscal quarter, or fiscal period. The currencies include the Display Currency, Document Currency, Company Code Currency, Local Currency 2, and Local Currency 3. The multidimensional report is delivered using Web Dynpro Data Grid. 
Revenue Accountant can use this application to check the significant changes for contract liabilities and contract assets.
Key features:  You can run the report by selecting Company Code  Accounting Principle  Fiscal Year  From Fiscal Period  To Fiscal Period  Display Currency  Exchange Rate Type  Display Mode. By default, a significant change of contract liability and contract asset are presented by quarter in the company code currency using a tree structure. The tree structure includes following items:The explanation in the balance of contract assets and contract liabilities includes the following items:  Opening Balance of Contract Liability in Company Code Currency   Delta Amount of Contract Liability in Company Code Currency  Invoice Becomes Due in Company Code Currency   The explanation in the balance of contract assets and contract liabilities includesRevenue from the Opening Balance of Contract Liability in Company Code Currency   Revenue Recognized from Contract Liability in Company Code Currency: A change in the time frame for a performance obligation to be satisfied   Invoice Due Deduction in Company Code Currency   Impairment of Assets in Company Code Currency     Closing Balance of Contract Liability in Company Code Currency   Opening Balance of Contract Asset in Company Code Currency   Delta Amount of Contract Asset in Company Code Currency  Recognized Revenue in Company Code Currency   Reclassified to Receivable in Company Code Currency: A change in the time frame for a right to consideration to become unconditional    Impairment of Assets in Company Code Currency     Closing Balance of Contract Asset in Company Code Currency   Note   Revenue from the Opening Balance of Contract Liability in Company Code Currency: Identifies the revenue recognized in the reporting period that was included in the contract liability balance at the beginning of the period   Revenue Recognized from Contract Liability in Company Code Currency: Identifies a change in the time frame for a performance obligation to be satisfied   Recognized Revenue in Company Code Currency: Identifies the recognition of revenue arising from a contract asset   Reclassified to Receivable in Company Code Currency: Identifies a change in the time frame for a right to consideration to become unconditional    Impairment of Assets in Company Code Currency: Identifies the contract liability and contract asset impacted by contract early termination.   You can drag dimensions and measures to various rows and columns to adjust the result. You can also display the report using different formats, by using charts, tables, or a combination of both. This report also provides multiple extra functions such as Jump To which enables you to quickly switch to another Fiori application. Example A revenue contract has contract liabilities of 0 EUR as of April 30, 2020, and in May 31, 2020 it became 20 EUR.  Increase in contract liabilities mainly results from invoices becoming due with a value of 120 EUR.   Decreases in contract liabilities mainly results from performance obligations being satisfied with a value of 100 EUR.  The revenue contract has contract assets of 10 EUR as of April 30, 2020, and in May 31, 2020 it became 0 EUR.  Decreases in contract assets mainly results from the contract asset being reclassified as a receivable with a value of 10 EUR.  If you check the contract balance movements for the fiscal period 2020.005, the report is presented as follows:    Reporting Period    2020.005      Contract Balance Movements in Co. Code Currency       Opening Balance of Contra. Liab. in Co. Code Currency   0,00 EUR     Delta Amt. of Contra. Liab. in Co. Code Currency   -20,00 EUR     Invoice Becomes Due in Co. Code Currency   -120,00 EUR     Rev. from Opening Bal. of Contra. Liab. in Co. Coode Currency   0,00 EUR     Rev. Recognized from Contra. Liab. in Co. Code Currency   100,00 EUR     Invoice Due Deduction in Co. Code Currency   0,00 EUR     Impairment of Asset in Co. Code Currency   0,00 EUR     Closing Balance of Contra. Liab. in Co. Code Currency   -20,00 EUR     Opening Balance of Contra. Asset. in Co. Code Currency   10,00 EUR     Delta Amount of Contra. Asset. in Co. Code Currency   -10,00 EUR     Recognized Rev. in Co. Code Currency   0,00 EUR     Reclassified to Receivable in Co. Code Currency   -10,00 EUR     Impairment of Asset in Co. Code Currency   0,00 EUR     Closing Balance of Contra. Asset in Co. Code Currency   0,00 EUR    
Business roles: Revenue Accountant
Revenue Accountant : 
Displays and edits revenue contracts relevant information, check and reconcile postings for revenue contracts.