| Effectively Managing VSOE Issues with Revenue Recognition |
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Are you struggling to manually account for VSOE calculations? Are you faced with restating your revenues for previous business years? Concerned about disheartening investors? |
How do you know if there is an historically related deal? Is there an automated check or is this a manual report?
At the time of order creation, the individual needs to know that the order is created to a VSOE component.
One issue we have is identifying if there are existing historical deals that are related. Have you addressed this element?<
The link for us is a DFF to combine like deals - since we have the deal open until recognition it gives some flexibility. This can be modified based on individual rules for your organization.
Is it in the Order Management flow or done as a follow up after Order Entry is complete?
Generally the form is handled by someone in Finance to determine when revenue recognition is able to be taken. We have this form available in a responsibility called Revenue Recognition Manager.
Has this Revenue Recognition solution for handling VSOE issues been developed with the Release 12 upgrade in mind?
This is currently in an R12 upgraded environment and project expenditures are created for h/w and s/w on projects.
Is this Revenue Recognition solution applicable to the Construction industry?
Yes