Revenue Recognized Before Revenue Contingency Expiration Date For Daily Rate All Period Rule
Last updated on JANUARY 19, 2018
Applies to:Oracle Fusion Receivables Cloud Service - Version 22.214.171.124.0 and later
Information in this document applies to any platform.
Revenue is recognized before revenue contingency expiration date using Daily Rate All Period Rule
Defined Revenue Policies for customer with Credit Classification of 'Moderate Risk.'
In September, 2017 created transaction for customer with Credit Classification of Moderate Risk, revenue contingency applied and the invoice line distribution went to Unearned Revenue.
On October 3, 2017 payment was applied against the transaction while SEPT-2017 A/R accounting period is still open. Revenue was recognized from 9/1/2017 for rule 'Daily Rate All Period.'
Expectation is the revenue should be recognized in Oct-2017 as the contingency expiration on Oct 3, 2017.
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