Financial - JDE1 (MOSC)

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We have the Financials and Contract and Service Billing. Can I interface with these apps to get The

in Financial - JDE1 (MOSC)

We would like to get the Revenue Recognition at a Contract level.  First, I need to know which apps I need to setup in order to do Rev Recognition?  Also, Doe we have to have Project Management in order to do Contract Billing and Rev Recognition? 

Any assistance will be appreciated

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