POLICIES
This policy governs EAC changes and is called Estimates-at-completion.
What is Policy 201?
This section of the IC checklist is required for a contract recognizing $5M of revenue in the current FY.
What is Execution?
This is the control that determines if there is a material variance in the forecast that may need to be adjusted.
What are the Review of Actuals?
This level is required to approve an update to the ODE.
Who is a Mager or above?
Name the T-Code is used to update the GCT in SAP.
What is CJ20N?
This policy governs Accounting Treatment Memos.
What is Policy 1303?
This section of the IC checklist is required for a new $7M contract that is only recognizing $3M of revenue this FY.
What is Startup?
This control is required to validate that the Contract Accenture Leader has reviewed and confirms that the financials and forecast is accurate.
What is the EAC Approval?
This level is required to approve a change in RA key.
Who is a Specialist or above?
This is the JE threshold that requires L9 (Specialist) approval.
What is $50K?
This policy is where the RFV FV margins are stored as an attachment.
What is Policy 200?
This section of the IC checklist is required for a contract with backlog of $5M or more that had a signed amendment in the quarter.
What is Modification?
This control is required to validate that the formulas calculating revenue are accurate.
What is EUC validation?
This level is required to approve an ATM for a new contract $25M or more.
Who is a Senior Manager or above?
This is what DSM stands for.
What is Digital Service Model?
This policy governs the approval requirements for Peak Capital Balances.
What is Policy 1227?
This section of the IC checklist is required when a contract is terminated.
What is Close Out?
These are the two letters that represent that CFM is checking that the hours and bill rates tie back to the source data.
What is P*Q?
Policy 30 states that Credit memos over $250K must have Contract Exec approval prior to processing and include these 3 items.
What is the original invoice, amount being credited and reason for credit?
Name 3 things that can be done in DSM.
What is create an invoice, create a credit memo, create a contract, create project def/WBS, created EACs, release WBS, create/edit a profit center, or create/edit a cost center?
This policy governs the approval requirements for KB65.
What is Policy 29?
These two sections of the IC checklist are required when a contract is recognizing $5M of revenue in the current FY and modified.
What is Execution and Modification?
Name one of the three controls that have been eliminated from IC documentation scope and IC evaluation scope in the past year.
What are Journal Entries, Credit memos or aged receivables?
These two approvals are required to approve managing multiple SAP contracts for a single unit of account (contracts meeting P200 combination criteria).
Who is the P101 owner (Lance Utter) & Controllership GAAP Team?
This process streamlines the collection and allocation of time and expense for centralized teams supporting multiple contracts, while ensuring compliance with Policy 818.
What is the Automatic Cost Allocation or ACA?