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Earned value

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pzesco

pzesco

Mechanical
Joined
May 27, 2011
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In the 'Actual Cost' I have to consider the value of the sub-orders issued, or the value of the sub-orders already invoiced only?
Thanks
 
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That should be according to your own accounting rules.

TTFN
faq731-376
7ofakss
 
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Most companies that I've worked for consider orders placed as actual liabilities, since the cost must be realized unless the order is cancelled.

TTFN
faq731-376
7ofakss
 
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Sometimes your contract specifies what you can call actual cost or work-in-progress value.

Best to you,

Goober Dave

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