How to Recognize revenue in Oracle Fusion AR R13|Revenue Contingency

How to Recognize revenue in Oracle Fusion AR R13|Revenue Contingency
#revenue_Recognition,#Oracle_cloud_r13
What is Revenue Recognition
How revenue is recognized
What is revenue contigency
How to create AR Invoice in Oracle Fusion
How to create customer receipt in Oracle Fusion
Oracle Fusion - Oracle Cloud
Oracle Cloud Financial

[@andreatwitty5941]

Awesome... thank you for your easy to understand and simple and direct approach.

[@mytechnojournal]

Thank you ,please subscribe, like and share for more updates

[@samirraina4317]

Very well explained thanks for sharing your knowledge

[@KingT690]

Thank you sir ! you were able to help us on a big project for a major french company. I've liked and subscribed.

[@ZafeerHyder]

That Intro music was badass!!!! 🔥🔥🔥

[@Venugopalca]

Your subject explanation is clear. Thank you.

[@DmmAud]

Thank You for Sharing This. Very well Explained.

[@mytechnojournal]

thank you

[@sdheeraj72]

Very useful you have helped me in needed situation thanks good explanation..

[@mytechnojournal]

Thank you

[@venkykoya2665]

Great sir thanks for your support please make more videos

[@mytechnojournal]

Keep watching

[@sanjeevkumar-db8zz]

well explained.... Very useful

[@mytechnojournal]

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[@rkpinus]

Very well explained.. Thank you so much

[@mytechnojournal]

Glad it was helpful! subscribe for more updates

[@riteshsrivastava4188]

Thank you Sir, very well explained.
So this concept(Rev. Contingency) comes into picture only for 'unearned Revenue' case however if we need for 'Unbilled Recvbls' we need to use "Revenue Recognition" functionality. Please suggest?

[@omagrrr]

Very useful

[@mytechnojournal]

Thank you

[@sreefusion3361]

We didnt give Unearned revenue code combination any where, how system will take the account?

[@mytechnojournal]

from Auto accounting setup

[@KumR]

Hi Srini - There is option to use Invoicing options. ( Advance and arrears). Will that not do same as the contingency?

[@mytechnojournal]

Hi contingency is different,here you are holding the revenue till certain event.

[@aartijha7971]

Can we get the report of this revenue recognition

[@mytechnojournal]

yes you can get the report

[@kamatrohan123]

what happens if there is a partial payment

[@mytechnojournal]

The amount which is paid will be recognised

[@Venugopalca]

@@mytechnojournal It's recognizing full amount not partially paid amount. Just want to let you know.

[@dasparimal6363]

Could you please let me know if it is possible to recognize a % of a transaction booked on the contigency?
for instance the transaction 261XXXXXXXis on the Revenue Contigency
We would like to recognize only 104,700 USD (instead of the full amount 123,700 USD). Teh reason is that we have only performed a % of work, not the full work.
Is that possible? or we can only recognize the full amount of the invoice?