A customer is billed using deliverable billing events, which are currently approved by the customer
and the finance director before invoicing. There are often invoices awaiting the finance director’s
approval and release. The Finance director would like to use functionality that allows all invoices to
be approved and released automatically.
How can this be achieved?
A.
Use deliverable managementto automatically approve the invoice.
B.
Implement the cost-to-cost billing extension.
C.
Implement the costaccrual and project status inquiry extension.
D.
Implement theinvoice approval/release extension.
E.
Set the “Interface unreleased revenue to GL” profile option to “Yes.”
Explanation:
The Automatic Invoice Approve/Release Extension allows you to release invoices
automatically as part of the Generate Draft Invoice process.
Incorrect:
Not E:
Generating Revenue Accounting Events
After you generate and release the revenue, you run the concurrent program PRC: Generate
Revenue Accounting Events. The concurrent program determines default unearned revenue and
unbilled receivables accounts using AutoAccounting and generates accounting events for Oracle
Subledger Accounting.
Note: If you set the profile option PA: Interface Unreleased Revenue to GL to yes, then Oracle
Projects automatically releases any unreleased revenue when you run the concurrent program
PRC: Generate Revenue Accounting Events.
Oracle Project Billing User Guide,Releasing Invoices