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What is the purpose of Valuation Method in RA - Rev, Cost, Completed Contract

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Hi Gurus,

 

Please let me know the purpose of Valuation Method and the purpose of expert mode settings.

 

Please help with the purpose of Valuation Method for Revenue Method, Cost Method, POC Method

 

How these methods works for the following scenario:

 

A project is to be completed in 3 months, how the values will be calculated in Period 1 to Period 3.  In Period 1 and 2, it is in REL Status and Period 3 the project is completed and TECO'd.

 

Period 1 - 25% POC

Period 2 - 25% POC

Period 3 - 50% POC

 

Regards

Naveen


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