SAP Revenue Accounting and Reporting Course -The only Analytics Course you need

⏰24 hours | ▶️ 24 Videos | 📣 49 Participants | 🔥11 Reviews

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Course Description

SAP Revenue Accounting and Reporting training is a complete course that focuses on the principles, methodologies, and best practices for documenting, recognising, and reporting the revenue of a business is called Revenue Accounting and Reporting.

Understanding revenue accounting and reporting in-depth has become an absolute necessity for accounting professionals and business owners due to the ever-evolving nature of the regulations governing the recognition of revenue and the growing number of complex issues in this area.

This SAP Revenue Accounting and Reporting course will discuss revenue recognition criteria, timing and measurement, revenue streams, sales and contract analysis, and forecasting.

In addition, it will investigate the many types of revenue models, such as subscriptions, usage-based fees, and multiple-element arrangements, as well as the methods by which these SAP Revenue Accounting and Reporting online training models are accounted.

Participants in this class will gain an understanding of the significance of accurate revenue accounting and reporting for the preparation of financial statements, the practice of external reports, and the processes involved in decision-making.

They will learn about the SAP Revenue Accounting and Reporting certification’s most recent revisions and upgrades to the revenue recognition rules, such as ASC 606 and IFRS 15.

In addition, this course will provide an overview of the critical controls and internal processes required to ensure that revenue accounting and reporting are accurate and completed on time.

In addition to that, it will include disclosures about revenue and ensure that payment information is effectively communicated to stakeholders.

The SAP Revenue Accounting and Reporting training online Participants will finish this course with an in-depth understanding of revenue accounting and reporting principles and how to apply those principles to various business circumstances.

Features

✅Lifetime access	✅Lifetime video access
✅Real-time case studies	✅The project integrated into the Curriculum
✅24*7 Support from our team of administrators

Course Content

1. Overview and Architecture of SAP revenue accounting and reporting

2. Integration with sender components

3. Inbound Processing

4. Overview of BRFPlus

5. Price Allocation

6. Contract Change

7. Integration with cost object controlling

8. Revenue posting

9. Reconciliation and consultancy checks

10. Reporting

11. The fundamentals of accounting for and reporting on revenue

12. Integration of the Revenue Recognition under IFRS and ASC BRF+ Integration Module RAR to SAP SD & FI

13. The SAP Revenue Accounting and Reporting in Methodical Order Setup and Configuration

14. Management of contracts and reporting of financial data

15. The process of billing and invoicing

16. Acquiring Knowledge about RAI and ARL

17. Migration of data and configuration of the system

FAQ’s

❓What is the Purpose of SAP Reports?

✅ SAP Report is the presentation of information in a structured fashion. SAP report is an executable program that receives data from a database and generates output based on the end-user-specified filter criteria.

❓Why is SAP Good for Accounting?

✅ SAP report is an executable program that receives information from a database and generates output based on the end-user-specified filter criteria.

❓What are the main Benefits of SAP?

✅To avoid repeating processes, revenue account-affected reporting is also performed. This can be entered into the data politely manually. This can increase productivity in revenue accounting and reporting.

If it contains erroneous data, revenue accounting is activated to remove it.

❓What are the common challenges in Revenue Accounting and Reporting?

✅It can be Keeping up with updates for information in the process of revenue accounting and reporting and having the Meeting on the FABS requirements as usual.

The main thing we need to know is to recognise the time ideally; it can affect the transaction process.

❓What are the Different types of SAP Reports?

✅ Revenue Accounting and Reporting has multiple types of reports, but here we are going to know some words they include

Different kinds of SAP reports include

Financial statements can mainly focus on taking the responsibility for Revenue Accounting and Reporting
The more critical piece of information is that the Operational report can be essential in maintaining the accounts by clearly knowing the development and non-developing.
Analytical reports are critical because without doing any analytics, the revenue accounting should have some incomplete words.