This document outlines the standard configurations performed to meet the business requirements for Revenue Accounting and Reporting (RAR) within the SAP environment. It serves as a record of the settings made to enable the integration of sales and distribution (SD) processes with RAR.
Revenue Accounting and Reporting (RAR)
Users Guide to Sales Revenue Reporting Compliant to IFRS15 in SAP
This document is a guide to configuring and using SAP Revenue Accounting and Reporting (RAR) in compliance with IFRS15 standards for sales revenue reporting. It focuses on the integration between SAP Sales and Distribution (SD) and SAP RAR modules to enable accurate and timely revenue recognition based on the five-step model defined in IFRS15. This document details the configuration of relevant system components, master data setup, flow of actual revenue data, and user-end processes within SAP RAR.