What is Revenue Recognition ?

anilrpatil — Tue, 22 Dec 2009 04:21:33 +0000

I have seen a lot of people getting confused with the concept of Revenue Recognition. I have also seen some people who very well understand how Revenue Recognition works in Oracle Receivables (in technical terms), but do not clearly understand why it is done and what business objective it serves. Here is my atempt to explain the concept of Revenue Recognition. Hope it helps.

Click here to read the document

[Keywords: Revenue Recognition, Revenue Management, Deferred Revenue, Earned Revenue, Unearned Revenue, Bill in Advance]

Anil R Patil's Oracle Applications Blog » Revenue Accounting

What is Revenue Recognition ?