Recognition Template Fields

Here is a description of the fields on the Recognition Template object. Once a template is in use on a recognition transaction line, you can only edit the Recognition Template Name and Forecast Schedule Definition fields.

See What is a Recognition Template? for more information.

Key: R – Read-only; * – Mandatory field; The number indicates the number of characters that are allowed in this text field, where appropriate.

Field     Description
Forecast Schedule Definition     The forecast schedule definition linked to this template. When you run the Generate Forecast process for this template, forecast values will be calculated automatically according to this definition.
Performance Obligation Rec. Template     Lookup to the template that is assigned to performance obligations created from source records using the current template. For more information, see What is a Performance Obligation Template?
Recognition Method *   Calculation method used to recognize revenue and cost, such as % Complete or Equal Split.
Recognition Settings *   Lookup to the related settings record.
Recognition Source R 255 Name of the source object on the related settings record. Automatically populated.
Recognition Template Name * 80 Unique name for this template, such as Project - Equal Split.
Settings Type R   Indicates the type of the related settings record.
Use in Revenue Contract R   Indicates if the selected settings record will be used in revenue contracts. When selected, by default any source records using this template will be excluded from forecasting and recognition processes. See About Parallel Reporting for more information.
Value Type R   Indicates the type of value that the related settings record processes: revenue, cost, or both.

Calculation Conditions

Key: * - Mandatory if the related settings record includes Revenue as a selected Value Type; ** - Mandatory if the related settings record includes Cost as a selected Value Type;

Field   Description
Cost Basis **

Determines whether the cost calculation is based on a single Total Cost figure or calculated (Total Cost Units multiplied by Cost Rate). This field only takes effect if the related settings record includes Cost as a selected Value Type.

Warning:

The Cost Basis must be Total Cost if Revenue Management is configured to use recognition schedules. Recognition schedules are not generated when a source record's template uses a different Cost Basis.
Revenue Basis *

Defines whether the revenue calculation is based on a single Total Revenue figure or calculated (Total Units or Total Revenue multiplied by a percentage or rate). Total Revenue is the default. This field only takes effect if the related settings record includes Revenue as a selected Value Type.

Warning:

The Revenue Basis must be Total Revenue if Revenue Management is configured to use recognition schedules. Recognition schedules are not generated when a source record's template uses a different Revenue Basis.
Calculation Type   Defines whether the calculation is based on simple months, months with part periods, a 445 week split or actual days. This attribute is only applicable (and is mandatory) when the template's recognition method is Equal Split.
Calculation Adjustment Type  

Defines how recognizable Equal Split values are recalculated when a source record's value, or its start or end date, changes after some of its recognition schedule lines have already been recognized.

The options are:

  • Retrospective - A catchup adjustment is made in the generate periodClosed The period in which recognition schedules are generated. to correct the amount that should have been recognized to date. Earlier periods are unchanged. This is the default.
  • Prospective - The values of "Recognizable" schedule lines for the source record's remaining periods are adjusted according to the template's calculation type. This option cannot be selected if the template’s recognition method is Deliverable or % Complete.
  • None - If you upgrade from a version of Revenue Management prior to Winter 2024, this option is shown for existing templates and the default (retrospective adjustment) applies. When you update an existing template, this option is changed automatically to Retrospective and for data integrity reasons cannot be changed back to None.

For examples of the difference between retrospective and prospective adjustments, see Generating Recognition Schedules after Revenue or Cost Has Been Recognized. For the full rules about how recognition schedules are regenerated, see Regenerate Following Source Record Changes.