Bramasol

AUGUST 31, 2023

Over the past eight years, many episodes in this blog series have focused on revenue recognition and how SAP solutions such as Revenue Accounting and Reporting (RAR) have provided a robust foundation for compliance with ASC 606 and IFRS 15. This provides the basis for real-time matching of revenue and cost.

SAP 85

SAP Accounting Reconciliations General Ledger 85

Bramasol

JULY 26, 2024

Within the Five-Step model, Step 4 of ASC 606 and IFRS 15 requires an allocation of the total consideration in a contract, which your company is entitled to collect for each distinct performance obligation. Manual Processes: Reliance on manual data entry and spreadsheet-based reconciliations can be time-consuming and error-prone.

SAP 71

SAP IFRS GAAP Compliance 71

Bramasol

SEPTEMBER 8, 2024

Recognition and adjustment postings are generated simultaneously with the transactions. The matching principle is supported inherently and therefore no periodic batch jobs are needed for reconciliation. You can post different data for each ledger and therefore also display or select data from different ledgers in many Finance apps.

SAP 59

SAP General Ledger Compliance Accounting Standards 59