Learn SAP RAR Basics

What you will learn

What is SAP RAR & why it is needed?

Architecture of SAP RAR

System Demo on POD & multiple POBs scenarios

Important Terminologies in SAP RAR

Description

Join our short course on SAP Revenue Accounting and Reporting (RAR) to gain a fundamental understanding of this essential module within the SAP S/4HANA suite. Designed for professionals seeking to enhance their knowledge of revenue recognition processes and compliance with accounting standards, this course provides a comprehensive overview of SAP RAR functionalities, features, and implementation best practices.Overview of Revenue Recognition Standards: Understand the principles and requirements of revenue recognition standards such as IFRS 15 and ASC 606.


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  1. Introduction to SAP RAR: Explore the purpose, scope, and benefits of SAP RAR in managing revenue accounting and reporting processes.
  2. Core Components of SAP RAR: Learn about the key components and functionalities of SAP RAR, including contract analysis, allocation of transaction prices, and revenue recognition methods.
  3. Implementation Considerations: Gain insights into the implementation process of SAP RAR, including system configuration, data migration, and integration with other SAP modules.
  4. Best Practices and Case Studies: Learn from industry best practices and real-world case studies to understand how organizations have successfully implemented and leveraged SAP RAR.

Benefits of Taking This Course:

  • Gain a solid foundation in SAP RAR functionalities and principles of revenue accounting.
  • Enhance your skills and expertise in revenue recognition processes and compliance.
  • Learn from industry experts and real-world examples to apply best practices in your organization.
  • Boost your career prospects with valuable knowledge of SAP RAR, a sought-after skill in finance and accounting roles.
English
language

Content

Introduction

What is SAP RAR & Why do we need it?
5 Step Model for Revenue Recognition (IFRS 15)
Important Terminologies in SAP RAR
SAP RAR Architecture
Basic Configurations Overview
Demo on Proof of Delivery (POB) based Revenue Recognition Scenario
Demo on Event based & Time based Revenue Recognition in single contract