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How to cancel an active Revenue Recognition Plan

edited May 19, 2020 12:53PM in Ask A Guru 6 comments

Hi There,

I have an active Revenue Recognition Arrangement with one Revenue Element and its Revenue Plan is for 12 months.

I have already recognized 3 months. Then in month 4, the subscription is cancelled. What is the procedure to cancel these following 9 months and get also the accounting updated (deferred revenue for 9 months reversed?)?

Thanks!

Fernando

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