Revenue recognition is an earning process

There are rules and regulations on how and when you can
recognize revenue
Under GAAP, there are four basic criteria:

oEvidence of an arrangement exists (governing contract & PO)

oDelivery has occurred (transfer title and risk of loss)
oFee is fixed or determinable (normal payment terms)
oCollection is probable (customer has ability to pay)
There are several events that drive revenue delivery, acceptance,
cash receipts, time bound
User defined revenue contingencies, fair value analysis, auto
accounting rules, amortization methods.
In Revenue Allocation modules we can

Upload fair values (VSOE, TPE, ESP)

Identify arrangements and link transactions
Allocate revenue and post carve-outs to A/R or G/L
In the revenue Management module we can
Define release events to auto-release revenue from deferred
Manage contingencies
Revenue waterfall with real-time forecast
I have also worked on the Revenue Intelligence piece for generating drill
down reports for real time revenue analytics.
The flows is RevPro has standard adapters for sales orders, service
contracts, invoices, credit memos, RMA orders the adapters extract data to
the revpro staging tables per defined schedule, then the RevPro Data
Collection runs and data gets collected to the RevPro system the RevPro
modules perform the revenue calculation and output is passed back to oracle
ebs.
In Rev Pro We have to first define the Fair Value that can be done via
Manual Upload or you can create a batch from the Fair Value Template The
system collects historical data to derive fair value, then a compliance check is

performed, you can then review the fair value output, finalize the fair value
and you can then firm the fair value for allocation.
Once the fair value is allocated the data extract process kicks in and load
the Rev Pro Staging tables you create a batch from the arrangement
templates the preprocessor runs data is collected data is then grouped
and then the post processor runs, if the transaction line is eligible for fair
value then you assign the fair value to the transaction line and then the
revenue allocation process kicks in if the line is not eligible for Fair Value
then you release the contingency which can be done manually or Automatic,
then the accounting schedule is built and then the Transfer accounting
process kicks off where the data is transferred to AR or GL module depending
on the requirement