Results analysis for a project to be settled to sales order rather than PSG

Hi Experts

My client has two company codes.

CC1 executes project construction for CC2. This is to be mapped as a customer project.

As far as project settlement is concerned, since PA is not activated, it is proposed to settle to sales order item.

In this situation, what would be effect of results analysis.

With out PA, how the postings need to be handled with WIP, Reserves, Inventory and Revenue.

warm regards

ramSiva