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A Return Material Authorization (RMA) is an authorization from the supplier to the customer for returning outbound inventory for credit, replacement or repair. This new KM document provides an overview of RMA and discusses how to return outbound inventory using RMA. Document 2291621.1. http://ora.cl/14Nz3Reader.png

This new KM document talks about how the software component version is displayed in the Server Manager console for the Deployment and Enterprise Server instances. Doc ID 2291450.1. http://ora.cl/Dw1un Reader.png

Reader.pngWhen you ship consigned or vendor managed inventory to your customer's location, some inventory can get damaged or expired. When the customer wants to return damaged, expired or unused outbound inventory, they do so by creating a credit order. The credit order issues necessary credits to the supplier and makes adjustments for the returned outbound inventory. This new KM document discusses how to create a credit order in the Outbound Inventory Management module and how to return inventory from the customer's location and return it to the supplier's location. Document 2291182.1. http://ora.cl/Uo3h1

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) created a joint standard regarding the recognition of revenue.

 

Business processes and financial standards outline when you can recognize revenue for the amounts you bill to customers. You cannot recognize revenue for billed amounts or Cost of Goods Sold (COGS) amounts associated with the billing amount until the performance obligation to the customer is satisfied.

 

This functionality is available for software releases 9.1 and 9.2.  See the below documentation for information on the ESUs required. This will also give you information on the Setup, Processing, Integrities and Audit reports.

 

Please see the following documents for further information:

  • ADVISOR WEBCAST: JD Edwards EnterpriseOne Financials FASB - Revenue Recognition in Contract Service Billing (Doc ID 2286798.1) for links to the Advisor Webcast on this topic as well and link to the  Oracle Community page.
  • E1: 48S: JD Edwards EnterpriseOne Revenue Recognition Enhancement for Service Billing (FASB) (Doc ID 2297257.2)
  • E1: 52: JD Edwards EnterpriseOne Revenue Recognition Enhancement for Contract Billing (FASB) (Doc ID 2299666.2)

The Accounts Receivable guide has been updated to include a new applications that enables users to schedule portions of an invoice for revenue recognition on specified dates.

  • Using a Schedule to Recognize Revenue (Release 9.2 Additional Update)

 

You can use a schedule to recognize specified portions of revenue on a pay item on different dates. When you create a schedule on a G/L distribution line on an invoice, you can:

  • Automatically split the remaining amount across a specified number of periods.
  • Manually enter schedule records.
  • Use a combination of these methods.

 

For example, you can automatically split the remaining amounts across a specified number of periods, and then manually update those records to reflect the distribution schedule you want to use. Alternatively, you can manually enter a record in the grid, and then split what is left of the remaining amount across a specified number of periods.

 

The new enhancement are also documented in the JD Edwards EnterpriseOne Accounts Receivable guides:

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