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Contract Asset Account' and 'Contract Liability Account

edited Jun 14, 2020 5:08AM in Projects - EBS (MOSC) 1 commentAnswered

Hi,

We are upgrading our system from 12.2.6 to 12.2.9 and 'Contract Asset Account' and 'Contract Liability Account'' is a new feature which is introduced.

Before we apply this we wanted to review the new Billing IFRS 15/ASC-606 revenue recognition guidelines.

Can anyone share the guidelines.

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