The main objective of the IFRS (International Financial Reporting Standard) 15 is to provide a single, comprehensive revenue recognition model for all customer contracts, improving comparability within and across industries and across capital markets.
We provide SAP RAR (Revenue Accounting and Reporting) as a solution to IFRS 15 requirements.
Benefits of using SAP RAR as a solution to IFRS 15 are:
– The advanced capabilities of the solution will ensure that it aligns with IFRS 15 (AASB 15)
– It covers advance revenue recognition scenarios, such as multi-element arrangements
– It integrates with SAP and non-SAP systems
– It is non-disruptive to operational systems
– It simplifies & automates revenue accounting