Wat is SAP Revenue Accounting and Reporting
The course provides an overview of the Revenue Accounting and Reporting capabilities and their setup in SAP S/4HANA. You will learn how SAP S/4HANA covers the Revenue Accounting and Reporting related business requirements and how the business processes are executed in the system. In addition, you will learn about the technical foundation of Revenue Accounting and Reporting and how the business processes are implemented in the system. You will practice the setup and use of the main capabilities in the SAP S/4HANA system. Course based on software release: SAP S/4HANA 2020 SPS0
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 for Optimized and Classic Contract Management.
- Understand the integration to Financials General Ledger and Profitability Analysis
- Explain how Revenue Accounting and Reporting meets the steps of IFRS 15/US-GAAP ASC 606 to identify a contract, to determine the transaction price and allocation amounts and to recognize revenue when a performance obligation is satisfied.
- Execute the configuration in order to meet requirements from IFRS 15/US-GAAP ASC 606.
- Use information in the system as basis for periodic Statutory reporting.
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Contents:
Overview of Revenue Accounting and Reporting
How to integrate sender components
How to perform and configure the inbound processing
How to configure and use Optimized and Classic 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 use day-based calculation
How to process revenue postings
How to execute reconciliation and consistency checks
How to execute reporting for Revenue Accounting and Reporting
How to configure and perform the migration and transition to Revenue Accounting and Reporting
