Cost Management - EBS (MOSC)

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Revenue recognition and COGS generation

edited Jun 13, 2012 5:41AM in Cost Management - EBS (MOSC) 4 commentsAnswered
 Hello,
What is the difference between COGS recognition and Revenue recognition?are these two programs run at one time?

Actually i am checking the accounting entries in O2C flow

When the ship confirm the sales order:
Dr Deffered cogs
Cr Invntory valuation

When autoinvoice run
Dr Receiveble
Cr Revenue

In the above entries revenue is recognized immediately but COgs is not recognized

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