How to solve RMCS Contracts with REV recognized and accounted one year in advance
(Doc ID 2653878.1)
Last updated on APRIL 23, 2020
Applies to:Oracle Fusion Revenue Management Cloud Service - Version 11.13.20.01.0 and later
Information in this document applies to any platform.
On : 11.13.20.01.0 version, Revenue Accounting
The RMCS Contracts have been recognized by mistake one year in advance and the lines were also accounted
This has happened after a user mistakenly ran the Recognize Revenue of Customer Contracts with 31-03-2021 as recognition date instead of 2020.
The Recognized amount on the Contract Header/POB Line should be the Total value of Revenue Recognized as of date/current month.
Please note that the future period dates are not yet open.
The Impact is very huge. almost 5000 Contracts are impacted and showing incorrect Revenue Recognized amounts
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