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  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 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...…

  3. 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

  5. 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...…

  6. 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)...…

  7. 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...…

  8. Track Intercompany Loans Using SAP’s Transaction Manager Module: Part 2

    Learn the configuration steps needed for the intercompany loans process outlined in the article “Track Intercompany Loans Using SAP’s Transaction Manager Module, Part 1.” The configuration is in line with the process described in part 1 of this article. Key Concept When companies reach a more complex size, they often need to implement financing processes...…

  10. How to Comply with the Provisions of IFRS while Recording Capital Asset Transactions in SAP ECC 6.0

    Reading time: 25 mins

    Learn key adjustments that are required to make capital asset management compliant with International Financial Reporting Standards (IFRS). See the changes you need to make in SAP ERP Central Component (SAP ECC) 6.0 while transitioning from US Generally Accepted Accounting Principles (GAAP). Key Concept An organization needs to make adjustments in accounting for financial transactions...…

  11. 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...…

  12. Preparatory Settings for IFRS Compliance in SAP Capital Asset Management

    Reading time: 12 mins

    Adjustments must be made to SAP’s Asset Accounting (FI-AA) component to make it compliant with International Financial Reporting Standards (IFRS). Learn what preparatory settings are required in an SAP system to facilitate these adjustments and how to use parallel reporting to ensure IFRS compliance. Key Concept International Financial Reporting Standards (IFRS) are globally accepted accounting...…

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