Revenue Accounting and Reporting – Assisting with IFRS 15/US-GAAP ASC 606

• Overview of SAP S/4HANA and SAP Revenue Accounting and Reporting
• How to integrate sender components
• How to perform and configure the inbound processing
• How to configure and use Contract Management
• How to perform a price allocation
• How to process contract changes (prospective and retrospective)
• How to perform fulfillment and create invoices
• How to handle the integration with Cost Object Controlling
• How to process revenue postings
• How to execute reconciliation and consistency checks
• How to execute reporting for SAP Revenue Accounting and Reporting 1.3 How to configure and perform the migration and transition to SAP Revenue Accounting and Reporting

• This course will prepare you to:
• explain the architecture of the solution.
• understand the integration of operational applications and source systems and the inbound interface configuration.
• understand the integration to Financials General Ledger and Profitability Analysis
• explain how SAP Revenue Accounting meets the steps of IFRS 15/ASC 606 to identify a contract to determine the transaction price or to recognize revenue when a performance obligation is satisfied.
• execute the configuration in order to meet requirements from IFRS 15.

• Application Consultant
• Business Analyst
• Business Process Architect
• Program/ Project Manager

Essential

• None

Recommended

• None

• SAP S/4HANA 2021 SPS0