Pitfalls and Hacks in Cloud Project Budgeting and Accounting

499 results

  1. How to Comply with IFRS 15 Regulations Using SAP Revenue Accounting and Reporting 1.2

    Learn how to set up SAP Revenue Accounting and Reporting 1.2 in SAP ERP Central Component (ECC) 6.0 to comply with the new accounting standard regulation IFRS 15. The new regulation was jointly released by two leading accounting standard bodies: the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB). Key Concept…...…
  2. SAP S/4HANA Finance: Understand the Different Options and Nuances of Enabling Parallel Accounting in New Asset Accounting

    Learn about the configuration options available in SAP S/4HANA Finance to set up parallel accounting aligned to different accounting principles, especially when you are migrating from classic Asset Accounting (FI-AA), a parallel accounts approach, to the new FI-AA module. Key Concept The SAP S/4HANA Finance system provides a transparent, real-time, optimized IT solution for implementation…...…
  3. Tips for Integrating SAP Revenue Accounting and Reporting and SAP Hybris Billing

    Learn how to integrate SAP Revenue Accounting and Reporting 1.2 with Convergent Invoicing of SAP Hybris Billing and SAP Contract Accounts Receivable and Payable (FI-CA) in SAP ERP Central Component (ECC). Key Concept SAP Revenue Accounting and Reporting is a free add-on product introduced to help companies comply with the International Financial Reporting Standards (IFRS)…...…
  4. Streamline Your Parallel Accounting with the New G/L Ledger Solution

    See how to set up parallel accounting with the ledger solution in the new G/L with three procedures: ledger definition, currency valuation, and asset accounting. Key Concept Many international companies are subject to several sets of laws requiring them to issue multiple consolidated financial statements according to various accounting standards. In Europe, all publicly traded…...…
  5. Maintain Compliance with the IFRS 15 Revenue Standard with SAP Revenue Accounting and Reporting

    Learn about the changes in the International Accounting Standard Board (IASB) and Financial Accounting Standard Board (FASB)’s International Financial Reporting Standards (IFRS) accounting standard, IFRS 15. From a functional perspective, review the prominent processes and the data accounting flow for SAP Revenue Accounting and Reporting. Discover the capabilities of SAP Revenue Accounting and Reporting and…...…
  6. How to Set Up Parallel Asset Accounting in SAP S/4HANA Finance with Differing Fiscal Year Variants

    Learn how to set up the new Asset Accounting functionality (FI-AA) in SAP S/4HANA Finance in a parallel reporting scenario with differing fiscal year variants. Key Concept The unified data model and real-time integration between General Ledger Accounting (FI-GL) and Asset Accounting (FI-AA) force the fiscal year variants from the leading and non-leading ledgers onto…...…
  7. An Introduction to SAP Joint Venture Accounting, Part I

    A joint venture (JV) is an arrangement in which two or more parties come together and agree to pool their resources for a specific task. This task can be a new project or any other business activity. In a joint venture, each partner is responsible for profits, losses, and costs associated with the venture. Joint…
  8. How SAP ERP Combats the Challenges of Global Accounting and Financial Reporting Standards

    Review some SAP ERP solutions, functionalities, and capabilities that you can use to meet the challenges of specific International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) requirements, including ones that cover revenue, accounting policies, operating segments, and more. Key Concept International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) guide global financial…...…
  9. Multi-Currency Accounting with SAP S/4HANA

    Learn how to use the SAP multi-currency accounting (MCA) feature in SAP ERP Central Component (ECC) as a part of the normal Business Suite license. It is based on an internationally accepted accounting principle to record foreign currency items, primarily in the banking industry. Furthermore, banks should be able to report their currency exposure or…...…
  10. Tips and Tricks for Using BAPIs in Accounting Documents

    Posting accounting documents with BAPIs can be somewhat tricky — generating a simple accounting document turns into a report with several hundred lines of code. Accounting functionality is highly dependent on company specifics and legislation, so to make your program more stable against accounting business changes, you have to be able to derive automatically as…...…