Does your business provide contract-based sales or services? Then you need this comprehensive guide to recognizing your revenue in SAP S/4HANA! Whether youre using classic revenue accounting and reporting (RAR) or optimized contract management (OCM), get step-by-step instructions to configure RAIs and contracts. Then post, reconcile, and report your revenue. Learn about administration and troubleshooting activities, see how to migrate from classic RAR to OCM, and take your first look at event-based revenue recognition. Everything you need for rev rec is here! In this book, youll learn about:a. Revenue and Contracts Get inbound processing up and running with classic and optimized revenue recognition. Set up, process, and extend RAI classes using tools like BRFplus and APIs. Then configure contract management and performance obligations to suit the needs of your business. b. Posting and ReportingLearn about revenue reporting options in SAP S/4HANA. Post revenue using ABC jobs, reconcile revenue through the Universal Journal, and integrate revenue with profitability analysis. Extend your reports using new tools like CDS views. c. Administration and ImplementationManage your revenue recognition implementation. Learn how to handle performance issues, perform reclassifications, and clean up data. Get troubleshooting tips and insight into the migration from classic RAR to OCM in SAP S/4HANA. Highlights include:1) Classic revenue recognition 2) Optimized contract management 3) Revenue accounting item (RAI) classes 4) Inbound processing 5) Contract management 6) Performance obligations 7) Revenue posting 8) Revenue reporting9) Administration 10) Troubleshooting 11) Migration

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Sreten Milosavljevic has worked as a senior SAP finance consultant for the past 20 years. Thanks to the perfect storm of IFRS 9, IFRS 15, and IFRS 16, since 2016, his primary focus has been working with revenue accounting and reporting and contract lifecycle management. During this time, he gained experience with most of the industries that are impacted by the implementation of either IFRS 15 or ASC 606, including telecommunications, healthcare, manufacturing, and high-tech. Sreten is currently involved in solving complex topics for a variety of customers, especially concerning integration points between different systems.

... How This Book Is Organized ... 13 ... Acknowledgments ... 15 ... Conclusion ... 15 1.1 ... What Is Revenue Recognition? ... 18 1.2 ... Five-Step Model of IFRS 15 ... 19 1.3 ... Industry Impact ... 32 1.4 ... Revenue Recognition and SAP ... 46 1.5 ... Summary ... 52 2.1 ... The SAP Landscape and Revenue Recognition ... 55 2.2 ... Integration with Different SAP Components ... 61 2.3 ... Revenue Recognition Data Model ... 70 2.4 ... Choosing Your Revenue Recognition Tool ... 110 2.5 ... Summary ... 115 3.1 ... Setting Up Revenue Accounting Integration ... 118 3.2 ... Inbound Processing ... 122 3.3 ... Extending RAI Classes ... 138 3.4 ... Summary ... 140 4.1 ... Processing Revenue Accounting Items ... 141 4.2 ... Managing Revenue Accounting Items ... 161 4.3 ... Extending Transaction FARR_RAI_MON ... 166 4.4 ... Error Resolution While Creating Revenue Accounting Items ... 168 4.5 ... Business Rules Framework Plus ... 177 4.6 ... Creating Custom Revenue Accounting Items ... 185 4.7 ... Summary ... 211 5.1 ... Setting Up Contract Management ... 213 5.2 ... Setting Up Performance Obligations ... 236 5.3 ... Managing Performance Obligations and Event Types ... 252 5.4 ... Modifying Contracts ... 277 5.5 ... Handling Price Allocations ... 299 5.6 ... Summary ... 301 6.1 ... Basics of Reporting and Calculations ... 303 6.2 ... Posting with ABC ... 327 6.3 ... Integrating with Profitability Analysis ... 338 6.4 ... Reporting ... 341 6.5 ... Summary ... 363 7.1 ... Parallel Processing Framework and Performance Issues ... 366 7.2 ... Reclassification ... 383 7.3 ... Data Cleanup ... 392 7.4 ... Helpful Tips and Tricks ... 414 7.5 ... Summary ... 423 8.1 ... Business Case for Migration ... 426 8.2 ... Preparation Activities for Migration ... 427 8.3 ... Performing the Migration ... 434 8.4 ... Post-Migration Cleanup ... 440 8.5 ... Summary ... 441 9.1 ... Solution Background ... 443 9.2 ... Sell-from-Stock Scenario ... 447 9.3 ... Sales-Oriented Scenario for Customer Projects ... 448 9.4 ... Revenue Recognition Keys ... 452 9.5 ... Summary ... 452