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Revenue Recognition

Discussion in 'Oracle Financials' started by Bharat, Apr 10, 2012.

  1. Bharat

    Bharat Community Moderator Forum Guru

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    Hi,

    Whenever invoice(Transaction) is created, after create accounting done for invoice three rows are generate like revenue, tax and receiving. While revenue recognition means for the above three rows which will be taken to recognize, either revenue or receiving.
     
  2. Ramji

    Ramji Forum Guru

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    Bharat,

    I am uploading a doc which explains pretty much everything about revenue recognition. Its a collection of important articles and stuff I had compiled together.
    Ramji
     
  3. Bharat

    Bharat Community Moderator Forum Guru

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    Thank you ramji.. I will go through them.
     
  4. Bharat

    Bharat Community Moderator Forum Guru

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    Hi ramji,

    Do we need to close the period to do revenue recognition. Just Iam trying to do on my sale order but in CST_REVENUE_RECOGNITION_LINES there is no line created with that customer transaction id.
     
  5. Ramji

    Ramji Forum Guru

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    Dear Bharat,

    No. If you close the period how will the transaction be accounted.
    cheers
    Ramji
     
  6. Bharat

    Bharat Community Moderator Forum Guru

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    Dear ramji,

    I have tried without closing period but its not hitting in CST_REVENUE_RECOGNITION_LINES. And after running Revenue Recognition program I have tried to view output its showing no records in it.
     
  7. Ramji

    Ramji Forum Guru

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    Dear Bharat,

    Log a Service Request. That is the quickest way for you to resolve. Remotely without being able to check the setups etc I would not want to take a guess.
    cheers
    Ramji
     
  8. Bharat

    Bharat Community Moderator Forum Guru

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    Thank you ramji. I will do it