GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
---|---|---|---|---|---|---|
|
09:49 Feb 16, 2018 |
English to Polish translations [PRO] Bus/Financial - SAP | |||||||
---|---|---|---|---|---|---|---|
|
| ||||||
| Selected response from: Frank Szmulowicz, Ph. D. United States Local time: 11:43 | ||||||
Grading comment
|
revenue-adjusted produkcja w toku skorygowana o zysk (lokalna waluta) Explanation: propozycja |
| |
Login to enter a peer comment (or grade) |
revenue-adjusted skorygowany przychód z pracy w toku Explanation: Revenue is przychód. Most likely, it is the revenue that is adjusted. cccccccccccccccccccc Contract Revenues are tied to Costs, but Billings on Contracts are not always tied to Costs. Sometimes elements of a contract are billed in advance or sometimes they are delayed by mutual agreement (or disagreement). This mismatch between actual billed revenue and earned revenue will require an adjusting entry but since the Percentage of Completion method adjusts billed revenue to reflect earned revenue, billings are posted to revenues and adjusted later to reflect the correct earned revenue amount. (Debit Accounts Receivable, Credit Sales). http://www.accountingunplugged.com/2008/09/11/percentage-of-... cccccccccccccccccccccccccccccccccccccccccc Making a WIP Adjustment Once you know the amounts that you are over- or under-billed, the next step is to post a WIP adjustment. This will enable you to utilize the matching principal — or in other words, to match your income and expenses to the same period of time — and produce an accurate monthly P&L. Following are the steps for posting over- and under-billings Make sure the contract amount and the job status are correct Make sure a budget has been entered Make sure all change orders have been posted and have the correct status Run the Over/Under Billings report for projects with current status with the correct posting period selected Post the over/under billing adjustment using the correct date and posting period Note: WIP adjustments are typically “reversed in next period” https://on-trackinc.com/work-in-process/ cccccc At the end of the accounting period, an adjusting journal entry must be prepared to adjust the revenue recognized on jobs that are in progress based upon the estimated percentage of job completion as of that date. That journal entry is reversed on the first day of the next reporting period. https://www.probuilder.com/how-use-percentage-completion-acc... |
| |
Login to enter a peer comment (or grade) |
revenue-adjusted dostosowany do przychodu Explanation: Podobnie jak w złożeniach sugar-free (wolny od cukru), computer-aided (wspomagany komputerowo) powyższe złożenie określa relację rzeczownika i przymiotnika, gdzie przymiotnik określa poprzedzający rzeczownik. Revenue oznacza przychód (podany odnośnik w słowniku Merriam-Webster). Poniżej podane również zdanie z użyciem słowa risk (ryzyko), w analogicznym związku syntaktycznym. Myślnik w oryginale dodany jest dla uwidocznienia związku słów revenue i adjusted w wąskim kontekście podanego fragmentu, utrzymanego w bardzo zwięzłej formie. Example sentence(s):
https://www.merriam-webster.com/dictionary/revenue?src=search-dict-box https://www.linguee.com/english-polish/search?source=auto&query=revenue-adjusted |
| |
Login to enter a peer comment (or grade) |
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.