| Term | Definition |
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Actual Revenue | The revenue earned for the current period. Actual Revenue is posted to General Ledger and reported on financial statements. |
Agreement Fee | The source of revenue contained in a Revenue Agreement. Agreement Fees track the amount of revenue that is recognized for each item and the period for which the revenue is recognized. |
Agreement Revenue Adjustments | Represent the changes to the amount of revenue recognized during a period. |
Agreement Revenue Schedules | Show the amount of revenue to be recognized during a period for a revenue fee. They contain the actual revenue as well as the forecasted revenue. |
Agreement Revenue Summary | Represents the summary of all recognized and forecast revenue and deferred revenue balances for a single period for all agreement fees within an agreement. |
Deferred Revenue | Revenue for services that have not yet been performed or goods that have not yet been delivered. |
Obligation | A promise in a contract with a customer to transfer to the customer either: - A good or service (or a bundle of goods or services) that is distinct.
- A series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer.
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Ratable | Type of revenue recognition rule that recognizes the fee amount over a period of time and calculates the deferred balance accordingly. |
Reconciliation | The primary method used to verify the accuracy of an account's balance. |
Revenue Agreement | The binding agreement between two or more parties that defines the terms under which revenue will be recognized. |
Revenue Allocation | Allocation of revenue across multiple products based on a discount for selling them together. |
Revenue Forecasts | Predicts a company's future financial state. Forecasted Revenue allows executives to plan future activities and provide guidance to investors and stakeholders on future performance. |
Revenue Recognition | The process used to align revenue with the delivery of goods and services. |
Revenue Recognition Policy | Defines how to recognize revenue for an Agreement Fee. |
Revenue Recognition Rule | Determines how revenue will be recognized. Revenue Recognition Rules are the foundation rules of the policy that a company follows. |
Revenue Term Rounding Method | The rounding method for computing the revenue term. Valid values are UP, DOWN, HALF_UP, and HALF_DOWN. |
Subscription | Type of revenue recognition rule that recognizes the fee amount over a period of time but does not track deferred revenue. |
Transaction Price | The net of net price and variable consideration. |
Variable Consideration | Variable amount that is promised within a contract be included as a consideration for revenue recognition. |