Cost Management - EBS (MOSC)

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COGS and Revenue Recognition Accounting Dates

edited Oct 17, 2012 6:12AM in Cost Management - EBS (MOSC) 3 commentsAnswered
Hi Team

Can someone tell us how the dates are handled in COGS & revenue Reconition Transaction flow ?  We do not have deffered revenue. i.e. do not have invoice in advance or invoice in  arrears.

Case is as below

1. Ship confirmed happens on 30th June

2. Collect Revenue Recognition Information runs on 30th June

3. Generate COGS Recognition Events runs on 30th June

4. Auto invoice import Runs on 1st July to import shipment of 30th June. Invoice Date will be Ship date i.e. 30th

June

5. Run Submit Accounting which submits Revenue Recognition first and then Create Accoutning on 1st July

AR invoice (revenue) accounting will happen on 30th June since Transaction and GL Date of AR invoice will be 30th

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