On January 1, 2018, new revenue recognition regulations will be in effect in countries adhering to both US GAAP and IFRS. To help you prepare for the new standards, SAP launched the SAP Revenue Accounting and Reporting application in 2015. If you are using the SAP ERP Financials solution, and have an active maintenance agreement, you can directly use this application at no extra charge.
Since 2015, SAP offers a solution that specifically addresses both requirements derived from the new accounting standard and revenue recognition across various accounting principles.
Discover the functional and technical capabilities of SAP Revenue Accounting and Reporting, its system requirements and licensing and purchasing options. View the latest product documentation and trainings.
How can you prepare your organization and the financial close process for the upcoming changes? Based on feedback from our ramp-up program we recommend ﬁve steps you should take to become ready.
Watch the recordings of the IFRS 15 / ASC 606 Information Day. During the sessions, you will learn about SAP’s solution to IFRS related challenges, and get migration -guidance.
Mike Szabo, a finance expert in corporate financial reporting at SAP, sat down with Pete Graham, a solution manager at SAP, to share insights on the development and implementation phase of SAP Revenue Accounting and Reporting. This new solution specifically addresses requirements derived from new IASB and FASB accounting standards as well as generic requirements related to revenue recognition across various accounting principles.