Remove Accounting Principles Remove General Ledger Remove IFRS
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Universal RevRec - The Next Breakthrough in SAP Revenue Recognition Unification

Bramasol

The matching principle is supported inherently and therefore no periodic batch jobs are needed for reconciliation. Event-based revenue recognition is fully integrated with the General Ledger and the recognition data is stored in the same location as cost and revenue data.

SAP 59
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What is the Financial Consolidation Process in the Accounting World?

Planful

But in the accounting world, “financial consolidation” is a well-defined process that includes several complexities and accounting principles. Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g.,