Revenue Recognition in Russia

[NitinA]

Hi,

we are rolling out our global SAP solution for Russia and I would like some valuable inputs from SAP Gurus to my query.

My query is regarding revenue recognition in Russia. According to local GAAP, unless a signed copy of the TORG-12 (Act of acceptance of the transfer of goods) is received from the customer, it cannot be considered as revenue for accounting purposes in Russia, whereas for US GAAP purposes revenue can be recognized once the goods have been delivered.

US GAAP is the leading ledger and Russian GAAP is the non leading ledger but it is not possible to release billing to accounting for the leading ledger only.

Another point to note is that Russian accounting is based on actuals and no accruals can be posted for revenues.

Pls. can someone provide me some insight as to how these two requirements were handled together in their projects within SAP.

We are on SAP ECC version 6 ehp4.

Thanks in advance for all your help.

Regards,

Nitin

[edwin_bijlsma]

Hi Nitin,

It looks we have in our project at a customer exactly same requirement.

Did you already have some more info?

Regards,

Edwin