asc 606 - ifrs 15 and sap rar
TRANSCRIPT
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IFRS15 & SAP RARIMPLEMENTATION
IFRS15 & SAP RARFASB ASC - 606
Zak Syed
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Current SAP Revenue Recognition Source: SAP ASUG
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Future SAP Revenue Recognition SAP Revenue accounting and reporting (SAP RAR) Source: SAP ASUG
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Create Sales order Material T-ATD03 Desktop screen Transaction price EUR 2000 SSP EUR 2200Material T- ZS201 One year service Transaction price EUR 120 SSP EUR 150
Sales order 16014 saved
SAP RAR
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Review revenue accounting items
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Transfer revenue accounting items
Select RAI items and process
RAI transfer successfully
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Review revenue accounting contract
Sales order 16014
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Review RA contract POB Price allocation
Price allocation
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Performance Obligation Material T-ATD03 SSP EUR 2200 Revenue recognition event based at Customer Invoice
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Performance Obligation Material T- ZS201 One year service SSP EUR 150 Time based revenue recognition
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Review RA contract POB Price allocation
Revenue recognition based on event
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Delivery and Post goods issue
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Transfer Goods issue event to SAP RAR
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Transfer Goods issue event to SAP RAR
Order ready for revenue recognition
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Calculate time based revenue
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Revenue posting Simulation Mode
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Revenue posting Mode
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Revenue posting run
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Revenue posting job
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Revenue posting document
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Revenue posted
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Reconciliation
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Reconciliation
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Reconciliation
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