understanding Revenue recognition run on BYD

[akela]

Hello,

1. I need better understanding of this functionality. Purpose, validation and the GL accounts that are impacted (Debits and Credits)

3. What is the requirement to be able to perform revenue recognition run correctly on the system? Is it dependent on prior months or years run?

3. Revenue recogntion run for IFRS 15 Cost to Cost Projects vs Invoicing / Point In Time Projects, is there a difference in treatment?

4. Does SAP BY D have a functionalty which shows excess costs and excess billing (Project dash board)

[caroline_lost]

Hello Akela,

The best way to start for you to get familiar with the concept of Revenue Recognition in SAP Business ByDesign is by studying all the quite comprehensive documentation on this topic in the solutions help center.

All questions on pre conditions before using the functionality, which accounts are involved an why, what settings to make for which revenue types, how to set up accrual methods etc, will be answered there.

In the ByDesign help center you can also find a lot of information on the new IFRS15 standard. To find out more on this topic please have a look at the following blog:

IFRS 15 & ASC 606: New accounting standards for revenue with customers.

Should you have specific questions after going through the documentation and maybe even exercising a few scenarios in your test system, let us know.

Thanks and kind regards,

Caroline