Recognize revenue from different CLINs (Contract Line Numbers) as one performance obligation.
Recognize revenue from different CLINs (Contract Line Numbers) as one performance obligation - Are there any Performance Obligation Identification Rules in Oracle Fusion Project Billing to group multiple CLINS into one Performance Obligation. SLINS might have helped with below requirement, but we don't have SLIN concept (Line Hierarchy) anymore in fusion. We should be able to use one average % Spent for below three lines systematically handled.
ASC 606 – Performance Obligations vs. CLINs
- Performance Obligation (POB):
- ASC 606 requires revenue to be recognized at the level of distinct performance obligations.
- These are defined by whether the customer can benefit from the good/service on its own and whether it is separately identifiable in the contract.
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