Your Guide to Generating Predictable Revenue Streams with SAP S/4HANA
539 results
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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...…
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Use Result Analysis Functionality to Meet IFRS Requirements of Revenue Recognition
Result Analysis functionality in SAP can help you meet the requirements of International Financial Reporting Standards (IFRS) and other accounting principles for recognizing revenues and costs for long-term contracts. Learn how to: • Use some of the key Result Analysis methods in your SAP system to recognize revenues and costs in a make-to-order business scenario.•...…
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Integrate Your Extended Warranty Program with FI/CO
Once the SAP Customer Service (CS) component is fully integrated with your FI/CO modules, it can track many business processes such as standard warranty. However, it may not be able to effectively account for all of your business processes. The author, who recently created an extended warranty workaround to adapt a company’s system to provide...…
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Realize Special Requirements for Revenue Recognition
Revenue recognition is the main accounting principle affecting an organization’s financial statements. There are various rules and regulations governing this aspect and meeting those is necessary from both a legal point of view and a logical point of view. Learn about special International Financial Reporting Standards (IFRS) requirements for revenue recognition and how they can...…
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Revenue Recognition Configuration in SD Is a Key to Compliance
To comply with the latest bookkeeping principles and current regulations, such as US-Generally Accepted Accounting Principles and the Sarbanes-Oxley Act, companies are required to post revenue according to a time period. This means that the revenues must be realized in the posting period in which the service was carried out or goods were actually delivered....…
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SAP S/4HANA: First Steps Toward Real-Time Profitability Analysis
As many companies start to reflect on the difference between Profitability Analysis (CO-PA) within the universal journal and the more familiar costing-based CO-PA, it’s time to look at some of the new features that SAP added in the SAP S/4HANA 1610 edition. Key Concept With SAP S/4HANA the familiar concept of real-time postings has been...…
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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)...…
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Improve Your Compliance by Using VSOE-Based Revenue Recognition
You can break down revenue recognition into two considerations — when to recognize the revenue and how much to recognize. Discover the procedure in your SAP system to apply the vendor-specific objective evidence-based fair value process to address these issues. Determine how much revenue to recognize when individual software elements are bundled in a product....…
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Project System Achieves Faster Closes When Using the Engineer-to-Order Process
The Project System (PS) module has a functionality called project-related incoming orders that allows you to report on incoming order values for an engineer-to-order process. The PS module can calculate order book and backlog values throughout the project life cycle. It allows you to avoid negative backlog and remaining backlog on closed projects. Three examples...…
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How to Perform Revenue Recognition in SAP CRM-IPM
Learn how to recognize revenue on license sales contracts in SAP CRM-Intellectual Property Management as well as key technical details and the configuration of the process. Key Concept In standard SAP CRM and in Sales and Distribution the revenue of a sales order is recognized from billing (i.e., when a billing document is transferred to...…
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