Costpoint adds the Est To Complete (ETC) amount from the Manage Revenue Information screen to the ITD allowable cost and then subtracts the ITD Revenue Loss Amount (also found on the Manage Revenue Information screen), if any.

It divides the resulting value into the ITD allowable cost to arrive at the ITD cost percent complete.

It then multiplies the ITD cost percent complete by the contract value from the screen to arrive at the ITD Revenue before loss. It subtracts the ITD Revenue Loss Amount, if any, from the ITD Revenue before loss, to arrive at the ITD revenue. Revenue recognized for the fiscal year, up to and including the current subperiod being calculated in the project revenue ledger, is summarized. Revenue for all fiscal years before the fiscal year being computed is summarized using the revenue amount on the Manage Prior Year Cost and Revenue screen. The program then 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

5,500 ETC Amount

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