Revenue Accounting In S4 Hana

Many management accounting features are incorporated into event based revenue recognition and we give an overview of the corresponding revenue recognition capabilities including ifrs15 functionality.

Revenue accounting in s4 hana. Sap rar has been assisting our customers solve complicated revenue accounting challenges for over 16 months and is available with all releases of sap s 4hana finance and on sap erp financials ehp5 higher. Once sap accounting powered by hana is implemented then sap bpc optimized for sap s 4hana can be implemented. 1 0 sps08 revision 82 or higher. I won t bother you with the customizing steps in detail but it consists of the following.

Revenue accounting and reporting enables you to manage revenue recognition in a process that involves the following high level steps. Sap hana live for product revenue accounting pra release. Innovations in event based revenue recognition. In this step you create revenue accounting contracts corresponding to operational documents that are created on a back end operational system.

In the s 4hana 1610 system all the required customizing in cost object controlling event based revenue recognition must be done. Manual revenue recognition all types of billings. From sap s 4hana 1610 it is possible to store the results of planning in a new table acdocp that has the same structure as the universal journal acdoca. 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.

Finally we provide links to further documentation and a remark regarding on premise availability. Customizing steps for event based revenue recognition. Sap s 4 hana general ledger account master data changes gl account type new field g l account type is added in g l master data in chart of account segment. S4 hana revenue recognition mandates implementation of renevue accounting and reporting rar 1 1 from sap ecc sd revenue recognition to migrated to s4 h.

Revenue accounting combines items from different operational systems like sd crm or non sap systems in one single revenue accounting contract. Acdoca table is the main table for accounting. Sap hana platform edit.