Contract Balance Reclassification
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:  This analytical report presents the total non-recognized revenue up to the reporting period including Total Revenue in Display Currency, Event Based Revenue in Display Currency, Time Based Revenue in Display Currency, Total Revenue in Document Currency, Event Based Revenue in Document Currency, and Time Based Revenue in Document Currency. This analytical report also presents the total non-recognized cost up to the reporting period including Total Cost in Display Currency, Event Based Cost in Display Currency, Time Based Cost in Display Currency, Total Cost in Document Currency, Event Based Cost in Document Currency, and Time Based Cost in Document Currency. You can analyze the total non-recognized revenue and total non-recognized cost using multiple dimensions. The dimensions include standard fields in the revenue accounting subledger, such as Performance Obligation Type. The multidimensional report is delivered using Web Dynpro Data Grid. 
Revenue Accountant can use this application to classify the balance sheet (e.g. Contract Liability) into short-term and long-term.
Key features:  You can run the report by selecting Company Code  Accounting Principle  Fiscal Year  Fiscal Period  Display Currency  Exchange Rate Type. Multidimensional analysis allows you to drag dimensions and measures to various rows and columns. You can display the report using different formats such as charts or tables, or a combination of both. This report also provides other additional functions such as Jump To which enables you to quickly switch to another Fiori application. Note The amounts of total non-recognized revenue up to the reporting period are converted in the display currency from those in the document currency using exchange rate type M and the current system date.Fiscal Year / Fiscal Period identify the accounting period at the end of the reporting period. Example On 1 January 2020, an entity enters into a contract with a customer to construct a commercial building for fixed consideration of CU 10 million. The construction of the building is a single performance obligation that the entity satisfies over time. As of 31 July 2020, then entity has recognized CU3.2 million of revenue. The fiscal year variant for the entity is set as K4.You can analyze the total non-recognized revenue by following these steps:  Open the Fiori app Remaining Performance Obligations   Provide the following search criteria:   Company Code = FARR   Accounting Principle = IFRS   Fiscal Year = 2020   Fiscal Period = 007   Display Currency = USD   Exchange Rate Type = M (Standard Translation at Average Rate)   Revenue Contract = RC01     Result list: Total in Document Currency is CU 6.8 million and Total for Time-based POBs in Document Currency is CU 6.8 million.   
Business roles: Revenue Accountant
Revenue Accountant : 
Displays and edits revenue contracts relevant information, check and reconcile postings for revenue contracts.