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The IFRS 15 standard is here-is your company ready? Learn how SAP Revenue Accounting and Reporting (RAR) can align your financial reporting standards with this guide! Walk through the new five-step framework for revenue recognition, dive into best practices for implementing SAP RAR, and then configure the solution. From there, see how to migrate old data, process contracts, and produce reports. Don´t delay: Make sure your business is IFRS-compliant!

a. Foundation and Implementation
Review the new IFRS 15 standards and understand how SAP RAR helps you integrate them into your business processes. Then learn best practices for an SAP RAR implementation project, from planning to go-live. Finally, walk through the configuration steps for Sales and Distribution and legacy-based revenue recognition.

b. Usage and Migration
Learn how to process revenue accounting contracts within the Revenue Accounting Engine (RAE), migrate old revenue data into SAP RAR, and generate key IFRS 15 reports for your industry.

c. Business Cases
See how the new regulations have impacted two sample organizations in the telecom and high-tech industries. Apply the lessons learned to your own SAP RAR implementation and revenue practices.

Highlights:

Revenue recognition
Five-step framework
Vendor analysis matrix
Project management and implementation
Configuration and migration
Revenue contracts
Revenue data
Dual reporting
Business cases
Revenue Accounting Engine (RAE)

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... Foreword ... 13

1 ... Introduction to IFRS 15 and SAP Revenue Accounting and Reporting ... 15

1.1 ... Global Accounting Standards ... 16

1.2 ... IFRS 15 ... 18

1.3 ... Summary ... 50

2 ... Project Execution Approach ... 53

2.1 ... Project Management ... 53

2.2 ... Project Preparation and Scope ... 57

2.3 ... Project Blueprinting ... 64

2.4 ... Project Design and Build ... 69

2.5 ... Project Testing and Go-Live ... 75

2.6 ... Summary ... 82

3 ... Configuring SAP Revenue Accounting and Reporting ... 83

3.1 ... Understanding Your Configuration Options ... 83

3.2 ... Application Installation Process ... 85

3.3 ... Configuration ... 94

3.4 ... Step-By-Step Configuration Guide ... 96

3.5 ... BRF+ Integration ... 142

3.6 ... Summary ... 149

4 ... Processing Revenue Accounting Contracts ... 151

4.1 ... Revenue Accounting Items ... 151

4.2 ... Revenue Accounting Contracts ... 160

4.3 ... Best Practices ... 203

4.4 ... Version 1.3 Functionality ... 204

4.5 ... Summary ... 213

5 ... Migrating Current IFRS Contracts to IFRS 15 Using SAP RAR ... 215

5.1 ... Migration Strategy and Planning ... 215

5.2 ... Migration Process ... 227

5.3 ... Best Practices in Migration ... 252

5.4 ... Summary ... 253

6 ... Transition Strategy and Options ... 255

6.1 ... Possible Effects during Transition ... 257

6.2 ... Full Retrospective Transition Approach ... 266

6.3 ... Modified Retrospective or Cumulative Catch-up Transition Approach ... 271

6.4 ... Modified Retrospective Transition Approach with Retrospective Pro Forma (Hybrid Transition Method 1) ... 273

6.5 ... Modified Retrospective Transition Approach with Prospective Pro Forma (Hybrid Transition Method 2) ... 274

6.6 ... Parallel Accounting ... 278

6.7 ... Transitioning Example (End-to-End Flow) ... 283

6.8 ... Transactions Overview ... 294

6.9 ... Best Practices ... 296

6.10 ... Summary ... 297

7 ... Business Cases: Telecom and High-Tech ... 299

7.1 ... Telecom Industry Business Case ... 300

7.2 ... High-Tech Industry Business Case ... 325

7.3 ... Summary ... 341

8 ... Conclusion ... 343

8.1 ... Don´t Take IFRS 15 Projects Lightly ... 343

8.2 ... Choose the Right Transition Method ... 345

8.3 ... Good Project Management Makes for Successful Implementation ... 348
8.4 ... Choose the Best Design for Reporting ... 352

8.5 ... Overcome Technology Challenges ... 355

8.6 ... Links and Additional Information ... 359

... Appendices ... 361

A ... SAP RAR Application FAQs ... 361

B ... The Authors ... 369

... Index ... 371

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