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IFRS Warranty Revenue Recognition

edited Dec 29, 2011 4:05AM in General Ledger - EBS (MOSC) 2 commentsAnswered
Currently there is a requirement to defer Extended Warranty revenue and only release it while the Extended Warranty contract is Active.  While we can have the revenue deferred automatically in Oracle is there any way of automatically feeding the charge back in as revenue?  This is in 11.5.10

In a similar way the IFRS have published standards that are likely to be implemented in 2013 whereby a proportion of the Sales Revenue has to be deferred to cover the price of providing a warranty.  Subsequently this deferral has to be recognised as revenue as the warranty is carried out.

Has Oracle published any White papers etc to indicate how these requirements will be incorporated into the standard Oracle  release 12 financials?

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