Title: Practical Guide to SAP FI-RA — Revenue Accounting and Reporting

Title

Practical Guide to SAP FI-RA — Revenue Accounting and Reporting

Package

Digitale SAP-Bibliothek

Platform

Your learning platform for SAP software

URL

https://et.training/dashboard/product/book/174 

Status

Current

Publication Type

Monograph

Medium

Book

Language

First Author

Frank Rothhaas, Michael McKinney, Reinhard Müller

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Date First Online

2017-01-01

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Note

Accounting standards are changing! Get up to speed and dive into the fundamentals of SAP Revenue Accounting. Review the basic legal principles that determine the reporting of revenues and common technical challenges, as well as the legal basis for ASC 606. Walk step-by-step through the revenue recognition process according to ASC 606. Get best practices on how to prepare your system for an implementation and get a list of activities required to implement the Revenue Accounting and Reporting (FI-RA) business add-on in SAP ERP. Identify the three steps required to transition from the old to the new revenue recognition standard. Review the impact of the Business Rule Framework Plus (BRFplus). Get tips and best practices for data consistency and reporting. By using detailed examples, tips, and screenshots, this book covers critical accounting standard topics including:ASC 606 statutory requirementsIntegration between SAP SD, PS, FI-RA, and FI-GLTroubleshooting data migration challengesBRFplus in revenue accounting

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