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