Revenue Accounting Reporting Sap

In this step you create revenue accounting contracts corresponding to operational documents that are created on a back end operational system.

Revenue accounting reporting sap. Sap ecc based sd revenue recognition application component sd bil rr will not be available within sap s 4hana. In rar system data obtained from different source applications are processed to identify the pob and their recognizable revenue. Benefits of the solution the solution supports four ways to fulfill performance obligations general ledger accounting accounts receivables transparent reporting and disclosure basic prechecks during conversion of system for sap sd rr 6. Understanding the integration of sap revenue accounting and reporting with sap customer relationship management lesson objectives after completing this lesson you will be able to.

Sap revenue accounting and reporting component is based on the 5 step model of ifrs 15. Instead of this functionality the newly available sap revenue accounting and reporting functionality should be used. The sap revenue accounting and reporting application provides 5. 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.