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Ifrs15 Sap Rar Example

The document discusses SAP's Revenue Accounting and Reporting (RAR) module, which helps companies comply with IFRS 15 and ASC 606 revenue recognition standards. It provides step-by-step instructions for using SAP RAR to create a sales order, define performance obligations, allocate prices, trigger revenue recognition events like delivery or service periods, run revenue posting jobs, and reconcile recognized revenue. SAP RAR allows automated end-to-end revenue recognition from initial order to financial posting.

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783 views25 pages

Ifrs15 Sap Rar Example

The document discusses SAP's Revenue Accounting and Reporting (RAR) module, which helps companies comply with IFRS 15 and ASC 606 revenue recognition standards. It provides step-by-step instructions for using SAP RAR to create a sales order, define performance obligations, allocate prices, trigger revenue recognition events like delivery or service periods, run revenue posting jobs, and reconcile recognized revenue. SAP RAR allows automated end-to-end revenue recognition from initial order to financial posting.

Uploaded by

damljanovic
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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FASB ASC - 606

IFRS15 & SAP RAR


IMPLEMENTATION

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


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

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