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SAP Revenue Accounting and Reporting and IFRS 15

Author(s): Dayakar Domala, Koti Tummuru,
Publisher: Rheinwerk Publishing
Pages: 376
ISBN_10: 1493214365
ISBN_13: 9781493214365
Language: en
Categories: Business & Economics / Accounting / General , Business & Economics / Accounting / Financial , Business & Economics / Accounting / Standards (GAAP, IFRS, etc.) , Computers / General , Computers / Business & Productivity Software / General , Computers / Business & Productivity Software / Business Intelligence ,

Description:...

The IFRS 15 standard is here--is your company ready? Learn how SAP Revenue Accounting and Reporting (RAR) can align your financial reporting standards with this guide! Walk through the new five-step framework for revenue recognition, dive into best practices for implementing SAP RAR, and then configure the solution. From there, see how to migrate old data, process contracts, and produce reports. Don't delay: Make sure your business is IFRS-compliant!

a. Foundation and Implementation Review the new IFRS 15 standards and understand how SAP RAR helps you integrate them into your business processes. Then learn best practices for an SAP RAR implementation project, from planning to go-live. Finally, walk through the configuration steps for Sales and Distribution and legacy-based revenue recognition.

b. Usage and Migration Learn how to process revenue accounting contracts within the Revenue Accounting Engine (RAE), migrate old revenue data into SAP RAR, and generate key IFRS 15 reports for your industry.

c. Business Cases See how the new regulations have impacted two sample organizations in the telecom and high-tech industries. Apply the lessons learned to your own SAP RAR implementation and revenue practices.

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