Financials Module: Accounts Receivables

Lab AR-11 Daily Revenue Recognition

Objective: To enable Revenue Managers to handle strict
standards for Revenue recognition by calculating the
30-45 minutes
revenue at a daily rate and for partial periods accurately.

Instructions:
• In this lab you will do the setup for enabling Daily Revenue and will test for accurate
distribution of the revenue across periods with type “Daily Revenue Rate, All Periods”.

Setup Accounting Rules:

1. Responsibility: Receivables, Vision Operations (USA)

2. Navigation: Setup
Transactions
Accounting Rules
3. Create a new Accounting Rule Name “XX_ACCT_RULE_ALL”
4. Enter the following information:

Name <XX>_ACCT_RULE_ALL
Description Accounting Rule for All Periods
Type Daily Revenue Rate, All Periods
Period Period Name defined for the Ledger i.e. “Month”
No of Periods NULL
Deferred Revenue Do not Check the field
Schedule Will populate as Period = 1, Percent = 0, Date = NULL

5. Save record.

How to Use:

1. Responsibility: Receivables, Vision Operations (USA)

2. Navigation: Transactions
Transactions
3. Create a New Transaction
4. Enter the following information:

Source “Manual”
Date 31-Aug-2008
GL Date 31-Aug-2008
Class Invoice
Type Invoice
Currency USD
Legal Entity Vision Operations
Bill To Customer ABC Corporation Asia

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 Financials Module: Accounts Receivables

Payment Term Net 15

Invoicing Rule In Advance

5. Click on “Line Items” Button.

6. Enter the following information:

Num 1
Description Testing PPRR for All Periods
Quantity 1
Unit Price 12000
Amount 12000
Rules XX_ACCT_RULE_ALL
Start Date 01-Jan-2008
End Date 14-Sep-2008

7. Click on the “Distributions” button.

8. Check whether default accounts are populated or no.
9. If Accounts are populated correctly, Save record, else enter the accounts and Save the
Record.
10. Complete the Transaction.
11. Save Record

Execute “Revenue Recognition Master Program” concurrent program:

1. Responsibility: Receivables, Vision Operations (USA)

2. Submit “Revenue Recognition Master Program” concurrent program.
3. Enter the following parameter information:

Operating Unit Vision Operations

Print Format Detail
Maximum Number of Workers 4

4. Click on “Submit” Button.

5. After the concurrent program completes, check the output of the “Revenue Recognition
Program Execution Report” concurrent program.
6. Notice the distribution of the revenue across the period.
7. Query the transaction and click on the “Distributions” button. Notice the revenue distribution
across the service period (01-Jan-2008 to 14-Sep-2008)

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 Financials Module: Accounts Receivables

Instructions:
• In this lab you will do the setup for enabling Daily Revenue and will test for accurate
distribution of the revenue across periods with type “Daily Revenue Rate, All Periods”.

Setup Accounting Rules:

6. Responsibility: Receivables, Vision Operations (USA)

7. Navigation: Setup
Transactions
Accounting Rules
8. Create a new Accounting Rule Name “XX_ACCT_RULE_ALL”
9. Enter the following information:

Name <XX>_ACCT_RULE_Partial
Description Accounting Rule for Partial Periods
Type Daily Revenue Rate, Partial Periods
Period Period Name defined for the Ledger i.e. “Month”
No of Periods NULL
Deferred Revenue Do not Check the field
Schedule Will populate as Period = 1, Percent = 0, Date = NULL

10. Save record.

How to Use:

12. Responsibility: Receivables, Vision Operations (USA)

13. Navigation: Transactions
Transactions
14. Create a New Transaction
15. Enter the following information:

Source “Manual”
Date 14-Jan-2007
GL Date 14-Jan-2007
Class Invoice
Type Invoice
Currency USD
Legal Entity Vision Operations
Bill To Customer ABC Corporation Asia
Payment Term Net 15
Invoicing Rule In Advance

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 Financials Module: Accounts Receivables

16. Click on “Line Items” Button.

17. Enter the following information:

Num 1
Description Testing PPRR for All Periods
Quantity 1
Unit Price 12000
Amount 12000
Rules XX_ACCT_RULE_Partial
Start Date 14-Jan-2007
End Date 13-Jan-2008

18. Click on the “Distributions” button.

19. Check whether default accounts are populated or no.
20. If Accounts are populated correctly, Save record, else enter the accounts and Save the
Record.
21. Complete the Transaction.
22. Save Record

Execute “Revenue Recognition Master Program” concurrent program:

8. Responsibility: Receivables, Vision Operations (USA)

9. Submit “Revenue Recognition Master Program” concurrent program.
10. Enter the following parameter information:

Operating Unit Vision Operations

Print Format Detail
Maximum Number of Workers 4

11. Click on “Submit” Button.

12. After the concurrent program completes, check the output of the “Revenue Recognition
Program Execution Report” concurrent program.
13. Notice the distribution of the revenue across the period.
14. Query the transaction and click on the “Distributions” button. Notice the revenue distribution
across the service period (14-Jan-2007 to 13-Jan-2008)

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