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SAP Revenue Accounting & Reporting Overview Course
Rating: 4.4 out of 5(109 ratings)
3,237 students

SAP Revenue Accounting & Reporting Overview Course

Learn SAP RAR Basics
Created byVikram Fotani
Last updated 4/2024
English
English [Auto],

What you'll learn

  • What is SAP RAR & why it is needed?
  • Architecture of SAP RAR
  • System Demo on POD & multiple POBs scenarios
  • Important Terminologies in SAP RAR

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Course content

1 section • 7 lectures • 1h 20m total length

  • What is SAP RAR & Why do we need it?5:40

    Understand what SAP revenue accounting and reporting (RR) is and why it is needed, aligned with IFRS 15 and ASC 606, including its architecture, configurations, and revenue recognition demos.

  • 5 Step Model for Revenue Recognition (IFRS 15)8:21
  • Important Terminologies in SAP RAR7:44

    Explore terminologies for SAP RAR aligned with IFRS 15, including revenue, performance obligations, transaction price, standalone selling price, fulfillment type, event based and time based revenue recognition, and contract assets.

  • SAP RAR Architecture5:48

    Explore the SAP revenue accounting and reporting architecture, from source systems and inbound processing to the revenue accounting item, RA engine, contract management, and postings to the universal journal.

  • Basic Configurations Overview9:24
  • Demo on Proof of Delivery (POB) based Revenue Recognition Scenario25:22

    Demonstrates proof of delivery based revenue recognition in SAP, showing revenue and COGS posting at POD, not PGI, with stock in transit and month-end reversals.

  • Demo on Event based & Time based Revenue Recognition in single contract18:24

    See how IFRS 15 requires SSP-based allocation between device and three-month data plan in SAP S/4HANA, then recognize revenue by event-based goods issue and time-based monthly installments.

Requirements

  • No Prerequisites

Description

Join our short course on SAP Revenue Accounting and Reporting (RAR) to gain a fundamental understanding of this essential module within the SAP S/4HANA suite. Designed for professionals seeking to enhance their knowledge of revenue recognition processes and compliance with accounting standards, this course provides a comprehensive overview of SAP RAR functionalities, features, and implementation best practices.Overview of Revenue Recognition Standards: Understand the principles and requirements of revenue recognition standards such as IFRS 15 and ASC 606.


  1. Introduction to SAP RAR: Explore the purpose, scope, and benefits of SAP RAR in managing revenue accounting and reporting processes.

  2. Core Components of SAP RAR: Learn about the key components and functionalities of SAP RAR, including contract analysis, allocation of transaction prices, and revenue recognition methods.

  3. Implementation Considerations: Gain insights into the implementation process of SAP RAR, including system configuration, data migration, and integration with other SAP modules.

  4. Best Practices and Case Studies: Learn from industry best practices and real-world case studies to understand how organizations have successfully implemented and leveraged SAP RAR.

Benefits of Taking This Course:

  • Gain a solid foundation in SAP RAR functionalities and principles of revenue accounting.

  • Enhance your skills and expertise in revenue recognition processes and compliance.

  • Learn from industry experts and real-world examples to apply best practices in your organization.

  • Boost your career prospects with valuable knowledge of SAP RAR, a sought-after skill in finance and accounting roles.


Who this course is for:

  • SAP Finance Consultants
  • SAP SD Consultants

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