BRM Support for IFRS 15 Reporting Standard

(Doc ID 2396357.1)

Last updated on MAY 11, 2018

Applies to:

Oracle Communications Billing and Revenue Management - Version 7.5.0.19.0 to 12.0.0.0.0 [Release 7.5.0 to 12.0.0]
Information in this document applies to any platform.

Goal

On : 7.5.0.19.0 version, General Ledger (GL)

The current GL summary or GL detailed reports of BRM(Billing and Revenue Management) 7.5 are not subscription based thus BRM customers are unable to meet IFRS 15 requirements.

Per International Financial Reporting Standard ( IFRS ) guidelines, revenue is recognized by:

  1.Identify the contract with a customer
  2.Identify all the individual performance obligations within the contract
  3.Determine the transaction price
  4.Allocate the price to the performance obligations
  5.Recognize revenue as the performance obligations are fulfilled

To meet this requirement, BRM Customers seeks to have a GL summary report not segment based but rather subscription based e.g. subscription level charge details rolled up by unique GL ID, by bill cycle in a Monthly report.

Are there any plans  to enhance BRM GL reports to enable BRM Customers to meet IFRS 15 reporting standards?


 

Solution

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