Revenue recognition system and method for efficiently performing business-related processing and storing of event information related to a transaction
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United States of America Patent
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N/A
Issued Date -
Sep 18, 2003
app pub date -
Mar 13, 2002
filing date -
Mar 13, 2002
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
In a system for recognizing revenue for the sale of services, where the amount of revenue recognized is based upon the use of the services and upon events that can occur before the services are used that can potentially affect the amount of revenue recognized for the sale, a master ticket record processor can receive and process information related to an event, which is associated with a sale of services and which occurs at some time after the sale. A business-related processor can perform additional business-related processing of the event information to derive a business result that can supplement the event information. The master ticket record processor can then store both the business result and the event information related to a sale in a storage device.
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