Post final rate adjustments and close
How post final rate adjustments and close are reshaped as AGI capability advances.
Business-as-Code
Read as an executable program — the work decomposed into Code, Generative, Agentic, and Human.
Post final rate adjustments and close sits inside a larger value-flow — 1 parent structure it composes into. The hierarchy is grounding, not the story: it tells you which aggregate exposure Post final rate adjustments and close inherits.
Where Post final rate adjustments and close sits
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How the work flows
Trigger: The fiscal year ends or a contract concludes, and final actual overhead rates are calculated and approved.
- Determine the variance between billed provisional rates and final actual rates
- Allocate rate variances across applicable contracts and cost objectives
- Prepare journal entries for the final rate adjustments
- Post adjustment entries to the general ledger and project subledgers
- Reconcile the adjusted cost ledgers to ensure zero unallocated variance
- Lock the rate ledger and close the accounting period
Outcome: The variance between provisional and final rates is fully allocated, posted to the general ledger, and the associated accounting period is officially closed.