System Options
Revenue Management system options define key processing, configuration, integration and accounting options at the application level, including currency conversion rate types, source document and transaction source extraction start dates, and revenue accounting and thresholds.
On the Manage System Options for Revenue Management page, you can define system options for the following:
- Processing
- Currency conversion
- Reference currency for standalone selling prices
- Integration
- Revenue accounting and thresholds
Processing
Use the following system option to define how to handle invalid source document lines when identifying the contract:
System Option |
Description |
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Invalid Line Handling |
Defines how to handle invalid source document lines:
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Currency Conversion
Use the following system option to define the currency conversion rate:
System Option |
Description |
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Conversion Rate Type |
Defines the conversion rate type to be used in Oracle General Ledger to convert the local currency line transaction amounts into ledger currency amounts. |
Disable Override from Source | Defines whether to use the conversion rate type, date, and rate that were imported with the source document line or the conversion rate type defined in the Manage System Options for Revenue Management page. When selected, the application ignores the conversion information on the source document lines. |
Reference Currency for Standalone Selling Prices
Use the following system options to define the reference currency used for standalone selling prices:
System Option |
Description |
---|---|
Enable Reference Currency |
Enables you to define a single reference currency for standalone selling prices applicable across all ledgers configured within your instance. |
Currency | Defines the currency to be used as the reference currency. |
Rate Type | Defines the rate type that you want to use to convert revenue line amounts to the reference currency. For example, Corporate or Daily Exchange Rate. |
Rate Date | Defines the date of the rate that you want to use to convert amounts to the reference currency, either the contract date or the reference currency rate date. |
Integration
Use the following system options to specify the source applications that are integrated with Revenue Management:
System Option |
Description |
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Source Document Type |
Defines the type of source documents to be imported into the application for a primary ledger, along with:
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Oracle Receivables Transaction Sources |
Defines the Receivables transaction source to be imported into the application for a ledger. The start date of integration for a transaction source is the date on which data will start being imported into Revenue Management. Use this option when a Receivables transaction source is imported into Revenue Management as a source for both the revenue basis line and billing. |
Revenue Accounting and Thresholds
Use the following system options to specify accounting and thresholds.
System Option |
Description |
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Primary Ledger |
Specifies the primary ledger you're using for revenue accounting and defining thresholds. The primary ledger is the main record keeping ledger defined in your accounting configuration. |
Allocation Currency Basis | Specifies the revenue contract currency to be used to allocate and recognize revenue for the ledger, either transaction (Entered) currency or ledger (Accounted) currency. |
Revenue Management Ledger |
Defines the ledger you're using as the Revenue Management ledger. The Contract Activities report refers to this ledger to report on contract account activity. |
Adoption Period |
Specifies the accounting period from which you want to recognize and account revenue according to the Accounting Standards International Financial Reporting Standard 15 and the Accounting Standards Codification 606. |
Adoption Date |
This date is defaulted automatically as the first day of the adoption period. |
Revenue Management Accounts |
Defines the Revenue Management accounts used when creating journal entries to General Ledger:
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Threshold Amounts |
Define the lower limit amount to be applied in identifying the transaction price, discount allocation exemptions, and whether a contract's transaction price requires manual review:
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