What constiutes Initial Performance Event

Content

Oracle product documentation states that contract liability is recognized  as follows - Revenue Management uses the earlier of the billing event or initial performance event to accrue performance obligation liabilities.

The question is what qualifies as IPE. For example lets say Sales order was booked on 1st Jan, shipped on 15th Jan and Invoiced on 31st Jan. In this sceanario, what will be the IPE date for booking contract liability - Order booking date of 1st Jan or the shipment date of 15th Jan.

 

Thanks in advance

 

Regards

Anand 

 

Version

Oracle Revenue Managment Cloud - 18C