revenue accounting Archives

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...…
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)...…
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.•...…
SAP S/4HANA Adoption: Subsequent Implementation of the Parallel Ledger

Learn various SAP S/4HANA adoption options available for companies running the classic General Ledger. Follow steps to introduce the ledger subsequently in a live SAP S/4HANA system. Key Concept SAP introduced the parallel ledger concept with the SAP ERP Central Component (ECC) system in 2005, and since then, it is gaining popularity due to its...…
SAP S/4HANA Adoption Tips

Learn various SAP S/4HANA adoption options available for companies running the classic General Ledger. Follow steps to introduce the ledger subsequently in a live SAP S/4HANA system. Membership Required You must be a member to access this content.View Membership LevelsAlready a member? Log in here
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...…
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...…
- SAP S/4HANA Finance
Position Your Business to React and Adapt to Any New Regulations with Ease

Reading time: 11 mins

In the increasingly complex and regulated business landscape, compliance is a top concern for companies of every size, in every industry. In the past few years, major standards have appeared in two finance and accounting compliance areas that cut across industries. First, revenue recognition standards provide new guidance on one of the most important measures…
Revenue Recognition Configuration in SD Is a Key to Compliance

Reading time: 11 mins

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....…
Unifying Operational Accounting and Compliance Accounting in the Office of the CFO

The role of enterprise level CFOs has changed radically over the past decade with both a widening scope of influence and greater responsibilities for helping guide corporate transformation programs and technology choices. Instead of the historic backward-looking role focused primarily on gathering and reporting data, the Office of the CFO is now much more involved…