Costpoint Online Help

Using the Help Search
Using the Help Search
  • Phrase:Returns all topics that contain the exact phrase in the search criteria. Use quotation marks around the phrase.
    Ex."system administration"
  • And:Returns all topics that contain all the words in the search criteria, in any combination. Insert a plus sign between all words in the search criteria.
    Ex.system + administration
  • Or:Returns all topics with any combination of words in the search criteria. This is the default.
    Ex.system administration
For more information:Searching Online Help

Cost Incurred Using Estimate at Completion (Contract Value)

Costpoint subtracts the ITD Revenue Loss Amount (from the Manage Revenue Information screen), if any, from the Est At Comp (EAC) amount (also from the Manage Revenue Information screen).

It then divides the ITD allowable cost by that value to arrive at the ITD cost percent complete.

It multiplies the ITD cost percent complete by the contract value from the Manage Modifications screen to arrive at the ITD Revenue before loss. Then the program subtracts the ITD Revenue Loss Amount, if any, from the ITD Revenue before loss, to arrive at the ITD revenue. It summarizes revenue recognized for the fiscal year, up to and including the current subperiod being calculated in the project revenue ledger. It then summarizes revenue for all fiscal years before the fiscal year being computed using the revenue amounts on the Manage Prior Year Cost and Revenue screen. The program subtracts the sum of these two values from the ITD revenue amount to arrive at the amount of ITD revenue not yet recognized.

Example: 10,000 Contract Value

11,000 EAC Amount

11,000    EAC Amount
- 1,000    ITD Loss
= 10,000
2,000    Prior Year Allowable Costs
+ 3,500    YTD Allowable Costs
=  5,500    ITD Allowable Costs

5,500/10,000 = 55% ITD Cost Percent Complete

10,000    Contract Value
x 55%    ITD Cost Percent Complete
=  5,500    ITD Revenue Before Loss
5,500    ITD Revenue Before Loss
- 1,000    ITD Loss
=  4,500    ITD Revenue

Positive revenue adjustments are considered before ceilings. Negative revenue adjustments are considered after ceilings because negative adjustments and ceilings do the same thing:

1,200    Costs  (CPFC w/0% fee)
1,000    Total Revenue Ceiling
-100    ITD Revenue
200    Over Ceiling Amount
900    Revenue in PROJ_SUM