1. What is revenue confirmation? Functions of the revenue validation program? Revenue confirmation: As the name implies, it is the credential formed by both parties in the amount when a real business occurs. Background Knowledge: The time basis for financial accounting confirmation includes the accrual system, cash transfer system, and cash flow system. The first two validation bases are past-oriented; the time validation Basis of the cash flow system can include the future, which determines the accounting elements based on the current or expected cash inflow or cash outflow time of the enterprise. In the system: we can determine which method should be used for the transaction based on the relevant configuration, specifically in the posting period for calculation. Related tcode: vf44 | vf45 revenue validation program: you can run the income validation program to generate income distribution records for invoices and loan notices using invoicing and accounting rules. You can develop accounting rules to confirm the income for several accounting periods. The revenue recognition program will create a distribution record for the invoices and credit notices you have created in the receivables management system and imported using "automatic invoicing. The revenue recognition procedure uses the accounting distribution you have set in the transaction window, or the accounting distribution that is transferred to the receivables management system using automatic invoicing to identify the newly created revenue distribution record account. The revenue validation process also creates accounts for receivables, taxes, freight, and automatic invoicing settlement, which correspond to the g/L dates of each invoice included in the submission process. Ii. What types of income confirmation are common in the SAP system? A. Standard Revenue recognition (one-time payment) http://help.sap.com/erp2005_ehp_02/helpdata/en/59/aff239d85c11d199d60000e8a5bd28/frameset.htm B. Time-related revenue recognition (installment payment) http://help.sap.com/erp2005_ehp_02/helpdata/en/59/aff239d85c11d199d60000e8a5bd28/frameset.htm C. Service-related revenue recognition (pay by actual service content in one lump sum :)
