New WIP adjustment entries created as per the accounting method associated with the satellite company. The system reverses WIP adjustment entries made for the main company using the same account/department combination, but using the satellite company code. The accrual is posted in the current period and the reversal posted to the first day of the next accounting period. The system generates both the accrual and the accrual reversal transactions. Pgm: JCWIP – Enter WIP Adjustments standard Treeview path: Job Costing > Forecasting > Work-In-Process Adjustments > Enter and Post Adjustments Posting WIP adjustments for job “MUL-GL” under main company LINCOM3. The following section provides a detailed example to demonstrate how this functionality is used. Voiding of WIP adjustments will reverse all WIP entries posted to the main company and satellite companies. Reverse amounts created by WIP adjustment entries.Ĭreate new WIP adjustments as dictated by the IFRS exception associated with the satellite company. If it does, then additional GL entries will be created in satellite companies to: Posting of WIP adjustments will be modified to check whether the main company supports IFRS exceptions. NOTE: The satellite company will be using the same chart of accounts as the originating CMiC company. Therefore, if a user has no access to company “LINCOM3” in the above case, then they should not be able to add the “satellite” company “LINC01”. The program follows the security setup for standard CMiC companies. Pgm: CONSOLD – Detailed Consolidations standard Treeview path: General Ledger > Setup > Global Tables > Detailed Consolidations The user will need to create a consolidation code that combines the standard CMiC company with the relevant satellite company and this consolidation code will be used in Document Formatter. ![]() The satellite companies will not be visible to end users, except for one screen – the Detailed Consolidations screen. The satellite company will be created with the code calculated as CMiC Company Code + Exception Code. Once the IFRS exceptions are selected, satellite company record(s) will be automatically created to keep transactions for each associated exception. One such exception is "Completed Contract Revenue Recognition Only". Each IFRS exception represents a specific difference between IFRS and another accounting method. The IFRS Exceptions tab on the Maintain Companies screen allows users to present the selected company using a different accounting method. Pgm: COMPSETUP – Maintain Companies standard Treeview path: General Ledger > Setup > Maintain Companies – IFRS Exceptions tab This is required to be able to present each company in either IFRS (all standard reports and queries) or applying IFRS Exceptions (Document Formatter). The following requirements must be met prior to using this functionality:ĬMiC company code must not exceed 6 characters.Īll jobs in the company use “Billings and Cost” accounting method. German GAAP (allows completed contract revenue recognition) IFRS (allows percentage of completion revenue recognition) To reflect the policies of the shipping companies we use, all weights will be rounded up to the next full pound.This functionality is used to allow certain transactions to appear differently on different Financial Statements, based on accounting methods supported by different countries. ![]() The weight of any such item can be found on its detail page. Please also note that the shipping rates for many items we sell are weight-based. Depending on the shipping provider you choose, shipping date estimates may appear on the shipping quotes page. ![]() When you place an order, we will estimate shipping and delivery dates for you based on the availability of your items and the shipping options you choose. Note that there are restrictions on some products, and some products cannot be shipped to international destinations. We can ship to virtually any address in the world. We'll notify you via e-mail of your refund once we've received and processed the returned item. If you need to return an item, simply login to your account, view the order using the "Complete Orders" link under the My Account menu and click the Return Item(s) button. This time period includes the transit time for us to receive your return from the shipper (5 to 10 business days), the time it takes us to process your return once we receive it (3 to 5 business days), and the time it takes your bank to process our refund request (5 to 10 business days). You should expect to receive your refund within four weeks of giving your package to the return shipper, however, in many cases you will receive a refund more quickly. We'll also pay the return shipping costs if the return is a result of our error (you received an incorrect or defective item, etc.). You may return most new, unopened items within 30 days of delivery for a full refund.
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