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Author's profile photo Benjamin Wilk

New Webinars Available to Accelerate Your IFRS 15 SAP Revenue Accounting and Reporting (RAR) Implementation

The deadline for adhering to the new IFRS 15 / ASC 606 finance standard is getting closer, January 2018 is not far away.

If you are implementing SAP Revenue Accounting and Reporting, the SAP add-on solution which automates the revenue recognition and accounting processes, it is absolutely beneficial for you to register for the following newly available live webinars called MTE (Meet-The-Expert ):

  • SAP Revenue Accounting and Reporting 1.2 Consistency Check Tools on May 9, 2017
  • SAP Revenue Accounting and Reporting 1.2 Contract modification overview on May 23, 2017
  • SAP Revenue Accounting and Reporting 1.3 Foreign currency overview on June 13, 2017

The webinars can be booked via the following links:

SAP Revenue Accounting and Reporting 1.2 Consistency Check Tools scheduled on May 9, 2017.  

  • The consistency check tools are used to check:
    • The integration between SAP Revenue Accounting and Reporting and other loosely coupled components
    • The integration between two major internal, independent components of RAR

SAP Revenue Accounting and Reporting 1.2 Contract modification overview scheduled on May 23, 2017.

  • Contract modification is a complex topic in the new IFRS 15 regulation
  • SAP Revenue Accounting and Reporting performs contract modifications and change of estimates
  • Get an overview on how SAP RAR 1.2 performs contract modification and change of estimates

SAP Revenue Accounting and Reporting 1.3 Foreign currency overview scheduled on June 13, 2017.

  • A new foreign currency handling method ‘Actual Rate’ has been introduced in Revenue Accounting 1.3
  • Revenue will be recognized at the average rate of liability if a revenue is in deferred revenue or contractliability balance
  • If the revenue contract has no liability balance, revenue will be recognized at the spot rate

Please note that the previous March/April MTEs are now available in the SAP Enterprise Support Academy as recorded sessions via the following links:

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