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

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

CPE Credits

040 Credits

Please note CPE credits are available only for publicly scheduled courses delivered at SAP locations. CPE credits are not available for virtual classroom deliveries or customer specific deliveries.

This course is also available as a test system within SAP Live Access

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