SAP Revenue Accounting and Reporting 1.2

Course Details
Code: TZRRA1-v003
Tuition (USD): $9,999,999.99 • Classroom (5 days)
Course Details
GSA (USD): $3,037.78 • Classroom (5 days)

Suggested Audience

Skills Gained

  • The participants will get information on:
       -The architecture of the solution
       -The integration of operational applications and source systems and the inbound interface configuration
       -The integration to Financials General Ledger and Profitability Analysis
       -How SAP Revenue Accounting meets the 5 steps of IFRS 15/ASC 606:
       -1. Identify the contract with the customer
       -2. Identify the separate performance obligations in the contract
       -3. Determine the transaction price
       -4. Allocate the transaction price to the separate performance obligations
       -5. Recognize revenue when a performance obligation is satisfied.
       -Configuration options to meet requirements from IFRS 15

Who Can Benefit

  • Revenue Recognition project leads
  • Revenue Recognition project members

Prerequisites

  • Essential:
       -None
  • Recommended:
       -Basic knowledge and navigation skills for SAP ERP (Financials and SD)

Course Details

Course Content

  • Overview and architecture
  • Inbound processing
       -Configuration of import structures
       -Revenue Accounting Item Monitor
       -Revenue Accounting Items: Transfer and processing
       -Transforming data via Business Rules Framework plus (BRFplus)
  • Integration of sender components
       -Integration with SAP Sales and Distribution (SD)
       -Integration with SAP hybris Billing (aka Billing and Revenue Innovation Management)
       -Integration with SAP CRM
  • Contract Management
       -Performance obligations: Concept and navigation
       -Revenue contracts: Concept and navigation
       -Price allocation variants
       -Contract combination
       -Cost recognition
       -Monitoring revenue contracts
  • Fulfillment of performance obligations
  • Contract changes (prospective and retrospective)
  • Integration with Cost Object Controlling
  • Integration to Financials General Ledger
       -General posting logic
       -Account determination
       -Multiple accounting principles
       -Calculation of time-based revenue
       -Calculation of contract asset/liability
       -Revenue posting run
       -Closing process
  • Reconciliation, monitoring and reporting
  • Migration and transition

Course based on software release

  • ERP 6.0 EhP8 with SAP Revenue Accounting and Reporting 1.2 add-on (software components versions REVREC 120 and REVRECSD 100 SP8)