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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 and later
Information in this document applies to any platform.


On : 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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