Implementation & Customizing Guideline for IFRS 15 realization with SAP RAR

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With SAP Revenue Accounting and Reporting (SAP RAR), SAP offers a holistic solution based on SAP ERP Financials or SAP S / 4HANA Finance. SAP RAR simplifies and automates the processes in revenue accounting. In particular, the complex guidelines of the new IFRS 15 can be transparently and effectively mapped by this new solution. Thus, this book is a comprehensive aid for implementing the complex requirements of different accounting standards with SAP RAR. In addition, it enables one to examine one's own processes against these requirements and thus gain valuable information on the assessment of the orderliness (compliance) of the processes to be implemented. This book will help you to quickly and efficiently implement the new requirements of IFRS 15 into SAP RAR and offer you possible solutions in the SAP environment. Not only the basic principles and basic elements of SAP RAR are shown, but also the following points: ■ Understand the interplay between IFRS 15 and SAP RAR ■ Identify affected business processes and analyze impact of IFRS 15 transition ■ Implement five-step process for revenue recognition