11i supported revenue recognition through accounting rules which support defined schedules, but for many companies additional functionality is required. R12 introduces event and contingency based recognition. This presentation featuring guest speaker Karen Brownfield from Infosemantics explains the old and new methods with examples.
Learning Objectives: After completion of this program you will be able to:
- Objective 1: Understand the new R12 functionality related to revenue recognition, such as event and contingency based recognition.
- Objective 2: Define the revenue recognition process.
- Objective 3: Learn the different revenue recognition methods.