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  • Ifrs15 Sap Rar Example

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    damljanovic
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    The document discusses SAP's Revenue Accounting and Reporting (RAR) module, which helps companies comply with IFRS 15 and ASC 606 revenue recognition standards. It provides step-by-step instructions for using SAP RAR to create a sales order, define performance obligations, allocate prices, trigger revenue recognition events like delivery or service periods, run revenue posting jobs, and reconcile recognized revenue. SAP RAR allows automated end-to-end revenue recognition from initial order to financial posting.

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    Ifrs15 Sap Rar Example

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    The document discusses SAP's Revenue Accounting and Reporting (RAR) module, which helps companies comply with IFRS 15 and ASC 606 revenue recognition standards. It provides step-by-step instructions for using SAP RAR to create a sales order, define performance obligations, allocate prices, trigger revenue recognition events like delivery or service periods, run revenue posting jobs, and reconcile recognized revenue. SAP RAR allows automated end-to-end revenue recognition from initial order to financial posting.

    Copyright:

    © All Rights Reserved
    Scarica in formato PPTX, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    536 visualizzazioni25 pagine

    Ifrs15 Sap Rar Example

    Caricato da

    damljanovic
    The document discusses SAP's Revenue Accounting and Reporting (RAR) module, which helps companies comply with IFRS 15 and ASC 606 revenue recognition standards. It provides step-by-step instructions for using SAP RAR to create a sales order, define performance obligations, allocate prices, trigger revenue recognition events like delivery or service periods, run revenue posting jobs, and reconcile recognized revenue. SAP RAR allows automated end-to-end revenue recognition from initial order to financial posting.

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    © All Rights Reserved
    Scarica in formato PPTX, PDF, TXT o leggi online su Scribd
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    di 25

    FASB ASC - 606

    IFRS15 & SAP RAR


    IMPLEMENTATION

    Zak Syed
    Current SAP Revenue Recognition
    Source: SAP ASUG
    Future SAP Revenue Recognition
    SAP Revenue accounting and reporting (SAP RAR)
    Source: SAP ASUG
    SAP RAR
    Create Sales order
    Material T-ATD03 Desktop screen Transaction price EUR 2000 SSP EUR 2200
    Material T- ZS201 One year service Transaction price EUR 120 SSP EUR 150

    Sales order 16014 saved


    Review revenue accounting items
    Transfer revenue accounting items

    Select RAI items and


    process

    RAI transfer
    successfully
    Review revenue accounting contract

    Sales order 16014


    Review RA contract POB Price allocation

    Price
    allocation
    Performance Obligation
    Material T-ATD03 SSP EUR 2200 Revenue recognition event based at Customer Invoice
    Performance Obligation
    Material T- ZS201 One year service SSP EUR 150 Time based revenue recognition
    Review RA contract POB Price allocation

    Revenue recognition
    based on event
    Delivery and Post goods issue
    Transfer Goods issue event to SAP RAR
    Transfer Goods issue event to SAP RAR

    Order ready for revenue


    recognition
    Calculate time based revenue
    Revenue posting Simulation Mode
    Revenue posting Mode
    Revenue posting run
    Revenue posting job
    Revenue posting document
    Revenue posted
    Reconciliation
    Reconciliation
    Reconciliation

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