Overview

The IFRS 15 standard is here, is your company ready? Learn how SAP Revenue Accounting and Reporting (RAR) can align your financial reporting standards with this guide! Walk through the new five-step framework for revenue recognition, dive into best practices for implementing SAP RAR, and then configure the solution. From there, see how to migrate old data, process contracts, and produce reports. Don't delay: Make sure your business is IFRS-compliant! a. Foundation and Implementation: Review the new IFRS 15 standards and understand how SAP RAR helps you integrate them into your business processes. Then learn best practices for an SAP RAR implementation project, from planning to go-live. Finally, walk through the configuration steps for Sales and Distribution and legacy-based revenue recognition. b. Usage and Migration: Learn how to process revenue accounting contracts within the Revenue Accounting Engine (RAE), migrate old revenue data into SAP RAR, and generate key IFRS 15 reports for your industry. c. Business Cases: See how the new regulations have impacted two sample organizations in the telecom and high-tech industries. Apply the lessons learned to your own SAP RAR implementation and revenue practices. Highlights: Revenue recognition Five-step framework Vendor analysis matrix Project management and implementation Configuration and migration Revenue contracts Revenue data Dual reporting Business cases Revenue Accounting Engine (RAE)

Full Product Details

Author:   Dayakar Domala ,  Koti Tummuru
Publisher:   SAP Press
Imprint:   SAP Press
Dimensions:   Width: 17.50cm , Height: 2.50cm , Length: 22.90cm
Weight:   0.839kg
ISBN:  

9781493214365

ISBN 10:   1493214365
Pages:   376
Publication Date:   28 January 2017
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In stock  
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Table of Contents

Foreword Introduction to IFRS 15 and SAP Revenue Accounting and Reporting Global Accounting Standards IFRS 15 Summary Project Execution Approach Project Management Project Preparation and Scope Project Blueprinting Project Design and Build Project Testing and Go-Live Summary Configuring SAP Revenue Accounting and Reporting Understanding Your Configuration Options Application Installation Process Configuration Step-By-Step Configuration Guide BRF+ Integration Summary Processing Revenue Accounting Contracts Revenue Accounting Items Revenue Accounting Contracts Best Practices Version 1.3 Functionality Summary Migrating Current IFRS Contracts to IFRS 15 Using SAP RAR Migration Strategy and Planning Migration Process Best Practices in Migration Summary Transition Strategy and Options Possible Effects during Transition Full Retrospective Transition Approach Modified Retrospective or Cumulative Catch-up Transition Approach Modified Retrospective Transition Approach with Retrospective Pro Forma (Hybrid Transition Method 1) Modified Retrospective Transition Approach with Prospective Pro Forma (Hybrid Transition Method 2) Parallel Accounting Transitioning Example (End-to-End Flow) Transactions Overview Best Practices Summary Business Cases: Telecom and High-Tech Telecom Industry Business Case High-Tech Industry Business Case Summary Conclusion Don't Take IFRS 15 Projects Lightly Choose the Right Transition Method Good Project Management Makes for Successful Implementation Choose the Best Design for Reporting Overcome Technology Challenges Links and Additional Information Appendices SAP RAR Application FAQs The Authors

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Author Information

Dayakar Domala is a senior manager for IT and enterprise applications at Service Now, where he has been involved with ramp-up programs for implementing the SAP RAR application with new technologies like SAP S/4HANA. He presented on SAP RAR at the SAPPHIRE/ASUG Annual Conference and the Finance Excellence Forum in 2015. Koti Tummuru is a platinum FICO consultant at SAP. He has worked as a ramp-up coach for multiple clients implementing SAP Revenue Accounting and Reporting Solution to meet the new IFRS requirements, and in fact was involved with the first customer's SAP RAR go-live with version 1.0.

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