Revenue Accounting And Reporting Sap

The course provides an overview of the sap revenue accounting and reporting capabilities and their setup in the system.

Revenue accounting and reporting sap. Sap ecc based sd revenue recognition application component sd bil rr will not be available within sap s 4hana. Instead of this functionality the newly available sap revenue accounting and reporting functionality should be used. Sap revenue accounting and reporting rar was built from the ground up to handle the new revenue recognition regulations announced may 28 2014 ifrs 15 asc 606 to be effective january 1 2018 in countries adhering to both us gaap and ifrs. Sap revenue accounting and reporting component is based on the 5 step model of ifrs 15.

In rar system data obtained from different source applications are processed to identify the pob and their recognizable revenue. Sap revenue accounting and reporting. S4f55 sap revenue accounting and reporting. 1 3 sp03 1 3 sp02 1 3 sp12 1 3 sp11 1 3 sp0 1 3 sp10 1 3 sp09 1 3 sp08 1 3 fp07 1 3 fp06 1 3 fp05 1 3 fp04 1 2 sp04 1 2 sp02 1 1 sp08 1 1 sps06 english.

Handle orders invoices and events from multiple sap and non sap systems and gain flexibility by decoupling revenue recognition rules from order entry and billing. In this step you create revenue accounting contracts corresponding to operational documents that are created on a back end operational system. Home sap s 4hana enterprise management finance accounting and financial close accounting. English deutsch german you can choose to show or hide.

Revenue accounting and reporting enables you to manage revenue recognition in a process that involves the following high level steps. During the period end. You will learn how sap s 4hana covers the revenue accounting and reporting related business requirements and how the business processes are executed in the system. Sap revenue accounting and reporting.