The client has implemented revenue policy with time-based contingencies. An invoice for a
creditworthy customer is imported and one of the invoice lines is associated with both a
nonstandard refund policy (60 days) and acceptance clause (100 days). Explain when revenue will be
recognized.
A.
Recognized Immediately
B.
Recognized after 60 days
C.
Recognized after 100 days
D.
Recognized only after manual intervention
Explanation:
Example:
You enter or import an invoice for a creditworthy customer, and one of the invoice lines is
associated with both a nonstandard refund policy (50 days) and an acceptance clause (120 days).
Receivables does not recognize revenue on this invoice line until the acceptance clause expires after
120 days. If, for example, you obtain written acceptance from the customer after 80 days, you can
record early acceptance to allow revenue recognition.Oracle Fusion Applications Order Fulfillment, Receivables, Payments, Cash, and
Collections Guide , Two time-based contingencies on the same invoice line