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IFRS15 & SAP RAR IMPLEMENTATION IFRS15 & SAP RAR FASB ASC - 606 Zak Syed

ASC 606 - IFRS 15 and SAP RAR

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Page 1: ASC 606 - IFRS 15 and SAP RAR

IFRS15 & SAP RARIMPLEMENTATION

IFRS15 & SAP RARFASB ASC - 606

Zak Syed

Page 2: ASC 606 - IFRS 15 and SAP RAR

Current SAP Revenue Recognition Source: SAP ASUG

Page 3: ASC 606 - IFRS 15 and SAP RAR

Future SAP Revenue Recognition SAP Revenue accounting and reporting (SAP RAR) Source: SAP ASUG

Page 4: ASC 606 - IFRS 15 and SAP RAR

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

Page 5: ASC 606 - IFRS 15 and SAP RAR

Review revenue accounting items

Page 6: ASC 606 - IFRS 15 and SAP RAR

Transfer revenue accounting items

Select RAI items and process

RAI transfer successfully

Page 7: ASC 606 - IFRS 15 and SAP RAR

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

Page 10: ASC 606 - IFRS 15 and SAP RAR

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

Page 13: ASC 606 - IFRS 15 and SAP RAR

Transfer Goods issue event to SAP RAR

Page 14: ASC 606 - IFRS 15 and SAP RAR

Transfer Goods issue event to SAP RAR

Order ready for revenue recognition

Page 15: ASC 606 - IFRS 15 and SAP RAR

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

Page 25: ASC 606 - IFRS 15 and SAP RAR