How to solve RMCS Contracts with REV recognized and accounted one year in advance
(Doc ID 2653878.1)
Last updated on FEBRUARY 13, 2024
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
To view full details, sign in with your My Oracle Support account.
Don't have a My Oracle Support account? Click to get started!
In this Document