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ASC 606 - IFRS 15 and SAP RAR

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ASC 606 - IFRS 15 and SAP RAR

  1. 1. IFRS15 & SAP RAR IMPLEMENTATION IFRS15 & SAP RAR FASB ASC - 606 Zak Syed
  2. 2. Current SAP Revenue Recognition Source: SAP ASUG
  3. 3. Future SAP Revenue Recognition SAP Revenue accounting and reporting (SAP RAR) Source: SAP ASUG
  4. 4. Create Sales order Material T-ATD03 Desktop screen Transaction price EUR 2000 SSP EUR 2200 Material T- ZS201 One year service Transaction price EUR 120 SSP EUR 150 Sales order 16014 saved SAP RAR
  5. 5. Review revenue accounting items
  6. 6. Transfer revenue accounting items Select RAI items and process RAI transfer successfully
  7. 7. Review revenue accounting contract Sales order 16014
  8. 8. Review RA contract POB Price allocation Price allocation
  9. 9. Performance Obligation Material T-ATD03 SSP EUR 2200 Revenue recognition event based at Customer Invoice
  10. 10. Performance Obligation Material T- ZS201 One year service SSP EUR 150 Time based revenue recognition
  11. 11. Review RA contract POB Price allocation Revenue recognition based on event
  12. 12. Delivery and Post goods issue
  13. 13. Transfer Goods issue event to SAP RAR
  14. 14. Transfer Goods issue event to SAP RAR Order ready for revenue recognition
  15. 15. Calculate time based revenue
  16. 16. Revenue posting Simulation Mode
  17. 17. Revenue posting Mode
  18. 18. Revenue posting run
  19. 19. Revenue posting job
  20. 20. Revenue posting document
  21. 21. Revenue posted
  22. 22. Reconciliation
  23. 23. Reconciliation
  24. 24. Reconciliation

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