2896346 - IFRS15 - Completed Sales Order Item Still Considered for Revenue Recognition in IFRS Set of Books

• You create a project-based, fix-price sales order item. 
• You assign an accrual method to the item. The item is connected to a Performance Obligation (POB) of a Revenue Accounting Contract (RAC). 
• All incurred costs and invoiced revenues have been realized accord to the accrual method conditions.
• You close the assigned project task to complete the item's delivery status as well as finish its Invoicing status.
• As a result, you expect the revenue recognition run to no longer process this sales order item but rather set the Revenue fully Recognized indicator. 
• Instead, the revenue recognition run keeps amounts deferred or accrued for the item.

SAP Business ByDesign

Completed Sales Order item, IFRS15, Contract Liability, Recognize Based on Manual Amounts, Revenue fully Recognized, IFRS , KBA , SRD-FIN-COR , Cost & Revenue , Problem