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Revenue Accounting and Reporting - Assisting with IFRS 15/US-GAAP ASC 606

Skills Gained This course will prepare you to: -explain the architecture of the solution. -understand the integration of operational applications and source systems and the inbound interface...

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$4,600 USD GSA  $3,930.98
Course Code S4F55-v020
Duration 5 days
Available Formats Classroom

Skills Gained

  • This course will prepare you to:
       -explain the architecture of the solution.
       -understand the integration of operational applications and source systems and the inbound interface configuration.
       -understand the integration to Financials General Ledger and Profitability Analysis
       -explain how SAP Revenue Accounting meets the steps of IFRS 15/ASC 606 to identify a contract, to determine the transaction price or to recognize revenue when a performance obligation is satisfied.
       -execute the configuration in order to meet requirements from IFRS 15.

Who Can Benefit

  • Application Consultant
  • Business Analyst
  • Business Process Architect
  • Program/ Project Manager

Prerequisites

  • Essential:
       -None
  • Recommended:
       -None

Course Details

Course Content

  • Overview of SAP S/4HANA and SAP Revenue Accounting and Reporting
  • How to integrate sender components
  • How to perform and configure the inbound processing
  • How to configure and use Contract Management
  • How to perform a price allocation
  • How to process contract changes (prospective and retrospective)
  • How to perform fulfillment and create invoices
  • How to handle the integration with Cost Object Controlling
  • How to process revenue postings
  • How to execute reconciliation and consistency checks
  • How to execute reporting for SAP Revenue Accounting and Reporting 1.3 How to configure and perform the migration and transition to SAP Revenue Accounting and Reporting

Course based on software release

  • SAP S/4HANA 2021 SPS0