Revenue recognition compliance deadlines are coming fast – gain insights on how to comply with and benefit from the new standards using SAP Revenue Accounting and Reporting
Chris Ritterhern, Bramasol; Larry McKinney, Bramasol; Pete Graham, SAP; Steve Schaak, TDS Inc.
This session will be held at SAP Financials 2016 at 3:00 PM Wednesday, March 16, 2016
In this session you will learn about the SAP Revenue Accounting and Reporting solution for compliance with the IASB and FASB guideline changes for the recognition of revenue. With IFRS 15 and ASC 606, companies are transforming the way they operate.
This session will outline the features of SAP Revenue Accounting and Reporting most relevant to the new standard, including a demonstration of a scenario implemented in SAP Revenue Accounting and Reporting, including a timeline for implementation, the values of a Proof of Concept (POC), a cloud offering to jumpstart the process, as well as custom development efforts for various industry verticals.
Key things you will gain from this session:
- Understand the impact of what is changing and how you can take advantage of it
- Know the actual steps and actions surrounding the new deferred revenue accounting regulations
- Be able to articulate the benefits to your company in a clear and concise manner
- Hear a customer’s perspective on why it is important to get started now and how to jumpstart the process
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