SAP Revenue Accounting and Reporting and IFRS 15

The IFRS 15 standard is here. Is your company ready? See how the five-step framework for revenue recognition affects your business processes, and dive into best practices for implementing and configuring SAP Revenue Accounting and Reporting. From there, discover how to migrate old data, process contracts, and produce reports. Don't delay: Make sure your business is IFRS-compliant!

• Learn how and when you should transition to IFRS 15
• Implement SAP Revenue Accounting and Reporting within SAP and third-party applications
• Avoid expensive errors and apply IFRS 15 best practices

Foundation and Implementation

Review the new IFRS 15 standards and understand how SAP RAR helps you integrate them into your business processes. Then learn best practices for an SAP RAR implementation project, from planning to go-live. Finally, walk through the configuration steps for Sales and Distribution and legacy-based revenue recognition.

Usage and Migration

Learn how to process revenue accounting contracts within the Revenue Accounting Engine (RAE), migrate old revenue data into SAP RAR, and generate key IFRS 15 reports for your industry.

Business Cases

See how the new regulations have impacted two sample organizations in the telecom and high-tech industries. Apply the lessons learned to your own SAP RAR implementation and revenue practices.

• Revenue recognition
• Five-step framework
• Vendor analysis matrix
• Project management and implementation
• Configuration and migration
• Revenue contracts
• Revenue data
• Dual reporting
• Business cases
• Revenue Accounting Engine (RAE)

About the Authors

Dayakar Domala is a senior manager for IT and enterprise applications at Service Now, where he has been involved with ramp-up programs for implementing the SAP RAR application with new technologies like SAP S/4HANA. He presented on SAP RAR at the SAPPHIRE/ASUG Annual Conference and the Finance Excellence Forum in 2015.

Koti Tummuru is a platinum FICO consultant at SAP. He has worked as a ramp-up coach for multiple clients implementing SAP RAR to meet the new IFRS requirements, and was involved with the first SAP RAR go-live for version 1.0.