Subledger Accounting for Revenue Management Cloud

Subledger Accounting acts as an intermediate step between an Oracle Subledger and Oracle Fusion General Ledger. In this case, the subledger application is Revenue Management. Click here to view a separate article for more information on Subledger Accounting.

Below are some of the predefined accounting class used by Subledger accounting for Revenue Management:

1. Contract Revenue
2. Contract Asset
3. Contract Liability
4. Contract Discount Clearing
5. Contract Clearing
6. Contract Price Variance

The following types of business events trigger the creation of accounting events:

1. Initial performance events
2. Satisfaction events
3. Billing events
4. Revisions and return events

Contract Liability becomes Revenue and Performance Obligations are satisfied. and With use a clearing account, Contract Asset become a receivable when Performance Obligations are satisfied. 

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