Overview

"Companies are required to implement a new accounting standard in January 2018 - the IFRS 15 standard for revenue from contracts with customers. In the process, they have the unique chance to do more than just fulfill a regulation: The implementation is an opportunity to critically assess processes for revenue accounting and improve inefficient ""business-as-usual"" processes. When the standard is implemented together with process improvements and powerful software, your company can gain a competitive advantage and significantly lower the cost of becoming compliant. Those companies that drag their feet and have to comply on a manual basis each month after January 2018 will be at a disadvantage, due to the high cost of manually reconciling accounts and creating reports. In this book, you will learn the regulatory background of IFRS 15 and how to best meet the challenges associated with implementation, based on examples from the telecommunications and software industries. ""IFRS 15: Revenue from contracts with customers, with SAP Revenue Accounting and Reporting"" prepares organizations for the impact of the standard on processes throughout the company that are related to revenue recognition. The authors explore: - How the most important IFRS 15 framework, the 5-step model, works - How different areas of your company will be affected by IFRS 15 - How IFRS 15 implementation works with the solution from one vendor, SAP's Revenue Accounting and Reporting (SAP RAR) module."

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9783981883701

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Dr. Leo Lehr studied physics and economics and began working at Accenture in 2001, directly after graduation. Leo mostly serves clients in Communications, Media and Technology, help-ing them use SAP technologies to improve their businesses. During his career, Leo contributed to several books on Business Intelligence and Analytics in finance, published several Points of View (e.g. a study on Compliance in IT-Outsourcing), and performed market studies for Analytics and Mobility. He has also been inter-viewed by CIO magazine for his expertise on HANA. Leo leads the Accenture SAP Industry Center of Excellence in the Communications, Media & Technology industry for Europe, Africa & Latin America.

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