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Confirmation of GAAP Compliance with Project Driven Supply Chain

edited Dec 20, 2021 1:48PM in Revenue Management 2 comments

Organization Name (Required - If you are an Oracle Partner, please provide the organization you are logging the idea on behalf of): Oracle Consulting on behalf JCI (Johnson Controls)

Description (Required): Is the attached ppt document which contains the journals created by revenue mgmt and projects with inventory GAAP compliant (the standard Oracle design and configuration

Use Case and Business Need (Required):

Project inventory PO receipts are accounted for as inventory (JCI balance sheet) when goods are booked in , however cost is then automatically included in project percentage of completion (poc) calculation and from this a revenue recognition calculation is made. 

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