SAP Revenue Accounting and Reporting and IFRS 15

Dayakar Domala is a senior manager for IT and enterprise applications at Service Now, where he has been involved with ramp-up programs for implementing the SAP RAR application with new technologies like SAP S/4HANA. He presented on SAP RAR at the SAPPHIRE/ASUG Annual Conference and the Finance Excellence Forum in 2015. Koti Tummuru is a platinum FICO consultant at SAP. He has worked as a ramp-up coach for multiple clients implementing SAP Revenue Accounting and Reporting Solution to meet the new IFRS requirements, and in fact was involved with the first customer's SAP RAR go-live with version 1.0.

Foreword
Introduction to IFRS 15 and SAP Revenue Accounting and Reporting
Global Accounting Standards
IFRS 15
Summary
Project Execution Approach
Project Management
Project Preparation and Scope
Project Blueprinting
Project Design and Build
Project Testing and Go-Live
Summary
Configuring SAP Revenue Accounting and Reporting
Understanding Your Configuration Options
Application Installation Process
Configuration
Step-By-Step Configuration Guide
BRF+ Integration
Summary
Processing Revenue Accounting Contracts
Revenue Accounting Items
Revenue Accounting Contracts
Best Practices
Version 1.3 Functionality
Summary
Migrating Current IFRS Contracts to IFRS 15 Using SAP RAR
Migration Strategy and Planning
Migration Process
Best Practices in Migration
Summary
Transition Strategy and Options
Possible Effects during Transition
Full Retrospective Transition Approach
Modified Retrospective or Cumulative Catch-up Transition Approach
Modified Retrospective Transition Approach with Retrospective Pro Forma (Hybrid Transition Method 1)
Modified Retrospective Transition Approach with Prospective Pro Forma (Hybrid Transition Method 2)
Parallel Accounting
Transitioning Example (End-to-End Flow)
Transactions Overview
Best Practices
Summary
Business Cases: Telecom and High-Tech
Telecom Industry Business Case
High-Tech Industry Business Case
Summary
Conclusion
Don't Take IFRS 15 Projects Lightly
Choose the Right Transition Method
Good Project Management Makes for Successful Implementation
Choose the Best Design for Reporting
Overcome Technology Challenges
Links and Additional Information
Appendices
SAP RAR Application FAQs
The Authors