Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

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. 

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!