Deferred Revenue Recognition Template

The Deferred Revenue Recognition Template zone displays the details of the deferred revenue recognition template. It contains the following sections:

  • Main - Displays basic information about the deferred revenue recognition template. It contains the following fields:

    Field Name Field Description
    Deferred Revenue Recognition Template Displays the deferred revenue recognition template
    Description Used to specify the description of the deferred revenue recognition template
    Status Used to indicate the status of the deferred revenue recognition template. The valid values are:

    • Active

    • Inactive

  • Parameters - Displays the parameters used in the deferred revenue recognition template.

    Field Name Field Description
    Distribution Code Indicates the distribution code.
    Note: It has a link. On clicking the link, the Distribution Code screen appears where you can view the details of the respective distribution code.
    Contract Type Displays the Deferred Revenue Recognition Template which are generated against a particular type of contract.
    Adjustment Type Indicates the adjustment type using which the adjustment must be created.
    Note: It has a link. On clicking the link, the Adjustment Type screen appears where you can view the details of the respective adjustment type.
    Generation Type Displays the type of deferred revenue recognition template. The valid values are:

    • Manual

    • Automatic
    Allow Editing Indicates the editing of recognition schedule.
    Recognition Schedule Indicates the schedule when the deferred revenue is recognized. The valid values are:

    • Daily

    • Monthly

    • Weekly
    Allow Proration Used to allow proration.
    Note: The Allow Proration field appears when you select Recognition Schedule as Monthly.
    High Proration Limit (Days) Displays whether deferred revenue amount must be prorated while revenue recognition. If the number of days from when the policy is enrolled to the end of the month (in which it is enrolled) is greater than the specified limit, then the amount is prorated.
    Note: This field appears when you check the tick-box for Allow Proration.
    Low Proration Limit (Days) Displays whether deferred revenue amount must be prorated while revenue recognition. If the number of days from when the policy is enrolled to the end of the month (in which it is enrolled) is less than the specified limit, then the amount is prorated.
    Note: This field appears when you check the tick-box for Allow Proration.

  • Divisions - Displays the associated deferred revenue recognition template with one or more divisions. It contains the following column:

    Column Name Column Description
    Division Displays the division to which you want to associate the deferred revenue recognition template.

  • Algorithms - Lists the algorithms associated with the deferred revenue recognition template. It contains the following columns:

    Column Name Column Description Mandatory (Yes or No)
    System Event Indicates the system event on which the algorithm must be executed No
    Sequence Displays the sequence number. No
    Algorithm Displays an algorithm that needs to be attached to the selected system event.
    Note: It has a link. On clicking the link, the Algorithm screen appears where you can view the details of the respective algorithm.
    		 No

  • Characteristics - Lists the characteristics defined for the deferred revenue recognition template. It contains the following fields:

    Column Name Column Description
    Characteristic Type Displays the characteristic type.
    Characteristic Type Displays the value of the characteristic type.

  • Record Actions -This section contains the following buttons:

    Button Name Button Description
    Edit Used to define, edit, and remove algorithms of the deferred revenue recognition template.
    Note: The Edit button appears when the deferred revenue recognition template is in the Active status.
    Delete Used to delete the deferred revenue recognition template.

  • Record Information - This section contains the following fields:

    Field Name Field Description
    Business Object Indicates the business object using which the deferred revenue recognition template is created. In addition, a context menu appears corresponding to this field which helps in navigating to other screens in the application.
    Note: It has a link. On clicking the link, the Business Object screen appears where you can view the details of the respective business object.