Actionable insights into cash flow dynamics with Phocas’ 3-way forecasting
462 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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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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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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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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Demystifying CO Module “Actual Costs” and “Actual Revenues”
Within the CO module, the data values “Actual Costs” and “Actual Revenues” have additional meaning not always found in other modules (such as Profit Center Accounting, Special Ledger, and Costing-Based Profitability Analysis). For FI/CO report users and developers, it is sometimes confusing how such a common, everyday word, “Actual,” can represent a very uncommon, special...…
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Cloud Revenue and AI Powers SAP to Strong Q2
SAP continued their strong performance in the first quarter with an equally robust performance in the second quarter of 2024. The current cloud backlog increased by 28% to €14.8 billion at constant currencies. Currently cloud backlog is defined as the contractually committed cloud revenue that SAP expects to recognize over the upcoming 12 months based…
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Secure Your Revenue Stream: Ensure That SD Billing Document Invoices Are Posted in FI
It is possible to have an SD billing document without a corresponding FI invoice. This type of error can result in significant under-reporting of revenue. Take these steps to ensure all SD invoices are reflected accurately in FI-AR. Key Concept Two R/3 modules, SD and FI, cover the order-to-cash process. Invoicing represents the interface between...…
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