Friday, March 23, 2012

Test script for Partial Period Revenue Recognition


Test script for Partial Period Revenue Recognition:
Check/test:
a) You must use service type items only for this test script.
b) Check in AR module about 2 new accounting rule types - the daily revenue rate for all periods and the daily revenue rate for partial periods.
c) Define revenue recognition rules from these 2 new rule types.
d) These new rules calculates the revenue at a daily rate and for partial periods accurately thus enabling Revenue Managers to handle the strict standards for Revenue Recognition.
e) Create 2 sales order by using these 2 new accounting rules( using new rule types) and check the accuracy of calculated revenue.
f) Within Order Information Portal (OIP)check whether you can view the name and address of the End Customer, as captured at the time of processing the order, at both at the header and line levels. Order Information is a web-enabled, self-service Oracle application that allows you to view detailed sales order and delivery information online. It also provides a variety of web inquiries, order processing flows, and workflows. The standard order inquiry flows enable you to go through web pages to access order related information.
Test Script for Improved Order Management, Install Base, and Service Contracts module Integration:
Check/test:
a) A Warranty contract is created when a Serviceable product is shipped to the customer . A Warranty contract is also created when serviceable product with bill of material contains a warranty clause . Whenever possible, where multiple products are sold on one sales order, one warranty is created for all the products. Each different warranty item on a sales order creates a separate warranty line on the Warranty contract.
b)Service Contracts module has an API which pulls information from the Install Base for newly created customer records and creates an ownership record.
c) An Extended Warranty contract is created when an Extended Warranty is sold on a sales order. Extended Warranty contracts can also be consolidated.
d)Order Management interfaces to Service Contracts via the Fulfillment workflow activity (Fulfill Line). This activity populates the Service Contracts interface table. You need to run the Service Contracts Order Processing concurrent program to process the interface records .It created Extended Warranty contract
e)When a serviceable item is returned for credit, whether the customer is credited for the extended warranty depends on the setting of a particular OKS profile option.
f)Create sales order in OM and create an Extended Warranty contract as above .Also return the serviceable item to service provider and see/check whether credit is created for that.
Test script for Payment Due with Order (Pay Now Pay Later):
Check/test:
a)When selling services and equipment to customers, the customer may be required to pay for a portion of the total order amount as a deposit when the order is placed, based on the business logic specified by the service provider. You may create a sales order for equipment or service items with 10% advance amount, freight and shipping charges, installation charges and other charges.
b)The Pay Now Total can include any of the following amounts in the iStore cart, quotation , or sales order: ? Equipment Charges, freight & shipping charges, and taxes. ? One-Time Charges such as Activation Fees, Installation Fees, or Change Fees. ? Deposits taken due to poor credit or other reasons. ? The first installment of an installment payment for equipment. ? Prepayment charges for the first month's service. Check whether the Pay Now Total shows amount as expected in cart ,Quotation or sales order.

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