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