Intermediate
Revenue cut-off test: shipped vs invoiced vs recognized
Builds a revenue cut-off reconciliation and exception list by comparing shipments, invoicing, and revenue recognition. Useful for month-end close and audit support.
Create a revenue cut-off test for period end {period_end_date}.
Inputs:
- Shipment/delivery data: {shipping_log}
- Invoicing data: {invoice_register}
- Revenue GL detail: {revenue_gl_detail}
- Cut-off window (days before/after): {cutoff_window_days}
- Recognition criteria summary: {recognition_criteria}
Output:
1) Matching logic description (keys used, tolerances).
2) Reconciliation table: Shipments, Invoices, Revenue—by date bucket.
3) Exceptions list with classification: early/late recognition, missing invoice, pending acceptance, returns risk.
4) Proposed entries or accruals with amounts and accounts.
5) Evidence checklist for each exception (POD, acceptance, contract clause, etc.).
Keep it audit-friendly.Related Prompts
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AdvancedIFRS 16 lease modification analysis and remeasurement
Evaluates lease modifications under IFRS 16 and computes remeasurement impacts, including updated discount rate logic. Helpful for complex real estate and equipment portfolios.
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