TZRRA1
SAP Revenue Accounting and Reporting 1.2
- Solution:SAP ERP
Level:Details, Configuration & Transaction
Languages:English
Goals
- The participants will get information on:
- The architecture of the solution
- The integration of operational applications and source systems and the inbound interface configuration
- The integration to Financials General Ledger and Profitability Analysis
- How SAP Revenue Accounting meets the 5 steps of IFRS 15/ASC 606:
- 1. Identify the contract with the customer
- 2. Identify the separate performance obligations in the contract
- 3. Determine the transaction price
- 4. Allocate the transaction price to the separate performance obligations
- 5. Recognize revenue when a performance obligation is satisfied.
- Configuration options to meet requirements from IFRS 15
Audience
- Revenue Recognition project leads
- Revenue Recognition project members
- Application Consultants and Super/Key Users in IFRS projects (SAP ERP and SAP S/4HANA)
Prerequisites
Essential
- None
Recommended
- Basic knowledge and navigation skills for SAP ERP (Financials and SD)
Course based on software release
- ERP 6.0 EhP8 with SAP Revenue Accounting and Reporting 1.2 add-on (software components versions REVREC 120 and REVRECSD 100 SP8)
Content
- Overview and architecture
- Inbound processing
- Configuration of import structures
- Revenue Accounting Item Monitor
- Revenue Accounting Items: Transfer and processing
- Transforming data via Business Rules Framework plus (BRFplus)
- Integration of sender components
- Integration with SAP Sales and Distribution (SD)
- Integration with SAP hybris Billing (aka Billing and Revenue Innovation Management)
- Integration with SAP CRM
- Contract Management
- Performance obligations: Concept and navigation
- Revenue contracts: Concept and navigation
- Price allocation variants
- Contract combination
- Cost recognition
- Monitoring revenue contracts
- Fulfillment of performance obligations
- Contract changes (prospective and retrospective)
- Integration with Cost Object Controlling
- Integration to Financials General Ledger
- General posting logic
- Account determination
- Multiple accounting principles
- Calculation of time-based revenue
- Calculation of contract asset/liability
- Revenue posting run
- Closing process
- Reconciliation, monitoring and reporting
- Migration and transition