... Foreword ... 13

1 ... Introduction to IFRS 15 and SAP Revenue Accounting and Reporting ... 15

1.1 ... Global Accounting Standards ... 16

1.2 ... IFRS 15 ... 18

1.3 ... Summary ... 50

2 ... Project Execution Approach ... 53

2.1 ... Project Management ... 53

2.2 ... Project Preparation and Scope ... 57

2.3 ... Project Blueprinting ... 64

2.4 ... Project Design and Build ... 69

2.5 ... Project Testing and Go-Live ... 75

2.6 ... Summary ... 82

3 ... Configuring SAP Revenue Accounting and Reporting ... 83

3.1 ... Understanding Your Configuration Options ... 83

3.2 ... Application Installation Process ... 85

3.3 ... Configuration ... 94

3.4 ... Step-By-Step Configuration Guide ... 96

3.5 ... BRF+ Integration ... 142

3.6 ... Summary ... 149

4 ... Processing Revenue Accounting Contracts ... 151

4.1 ... Revenue Accounting Items ... 151

4.2 ... Revenue Accounting Contracts ... 160

4.3 ... Best Practices ... 203

4.4 ... Version 1.3 Functionality ... 204

4.5 ... Summary ... 213

5 ... Migrating Current IFRS Contracts to IFRS 15 Using SAP RAR ... 215

5.1 ... Migration Strategy and Planning ... 215

5.2 ... Migration Process ... 227

5.3 ... Best Practices in Migration ... 252

5.4 ... Summary ... 253

6 ... Transition Strategy and Options ... 255

6.1 ... Possible Effects during Transition ... 257

6.2 ... Full Retrospective Transition Approach ... 266

6.3 ... Modified Retrospective or Cumulative Catch-up Transition Approach ... 271

6.4 ... Modified Retrospective Transition Approach with Retrospective Pro Forma (Hybrid Transition Method 1) ... 273

6.5 ... Modified Retrospective Transition Approach with Prospective Pro Forma (Hybrid Transition Method 2) ... 274

6.6 ... Parallel Accounting ... 278

6.7 ... Transitioning Example (End-to-End Flow) ... 283

6.8 ... Transactions Overview ... 294

6.9 ... Best Practices ... 296

6.10 ... Summary ... 297

7 ... Business Cases: Telecom and High-Tech ... 299

7.1 ... Telecom Industry Business Case ... 300

7.2 ... High-Tech Industry Business Case ... 325

7.3 ... Summary ... 341

8 ... Conclusion ... 343

8.1 ... Don't Take IFRS 15 Projects Lightly ... 343

8.2 ... Choose the Right Transition Method ... 345

8.3 ... Good Project Management Makes for Successful Implementation ... 348 8.4 ... Choose the Best Design for Reporting ... 352

8.5 ... Overcome Technology Challenges ... 355

8.6 ... Links and Additional Information ... 359

... Appendices ... 361

A ... SAP RAR Application FAQs ... 361

B ... The Authors ... 369

... Index ... 371