Receivables - EBS (MOSC)

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Revenue Recognition when you cancel contract

edited Apr 24, 2013 5:17PM in Receivables - EBS (MOSC) 4 commentsAnswered
 Hello Gurus,
1. We are on R12 12.1.3, We are using Accounting rules to amortize the Equipment sale revenue through the length of contract but when the customer  cancels the contract we have requirement to recognize the  revenue immediately. does any have experience with this type of requirement?


2. We have other requirement,  Cost of the Equipment need to amortized through the length of contract?  When the customer  cancels the contract we have requirement to recognize the  cost immediately? does any have experience with this type of requirement?

Please let me know if you guys have any information.

Thanks in Advance.

Thanks.

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