8/9/2019 Note 2020195

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SAP Note 

Header Data

Symptom 

This is a composite SAP Note that provides an overview of all existing corrections.

To fulfill the requirements for revenue recognition in accordance with IFRS (International Financial Reporting Standards) and US-GAAP (USGenerally Accepted Accounting Principles) with the best system support possible, you must implement the corrections provided by SAP in yourproduction system unless you have already implemented them by importing a Support Package.

The use of revenue recognition functions has far-reaching effects on how revenue is calculated and posted. If you do not immediately implement thecorrections that are specified in this composite SAP Note, revenue recognition for current business processes might be affected in a negative way

and the stability of system processes cannot be guaranteed. If data inconsistencies occur due to an inadequate software level, we reserve the rightto invoice expenses incurred as a result of the necessary data corrections.

Other Terms 

Standard revenue recognition, rev. rec., Generally Accepted Accounting Principles (US-GAAP), International Accounting Standards (IAS)/FinancialReporting Standards (FRS), Sarbanes-Oxley Act (SOX), FASB52, data inconsistencies, data inconsistency, data consistency

Reason and Prerequisites 

You use the revenue recognition function in your production system.

Solution 

Refer to the list of SAP Notes attached to this SAP Note.

By implementing the corrections contained in these SAP Notes, you ensure that the revenue recognition functions comply with the accountingstandards and legal requirements valid at the time of the release of this SAP Note as known to SAP. This SAP Note is an enhancement of SAPNote 1692736.

When you use the attached list of SAP Notes, filter the list to display the SAP Notes relevant to you on the basis of the revenue recognitioncategory and release. Implement the corrections contained in the selected SAP Notes in your system if you have not already imported them in aSupport Package.

In addition, new SAP Notes are included in the monthly "Top Notes" list that is sent out. For details about this free service, see SAP Note 568167.For SAP Notes regarding the revenue recognition functions, subscribe to the component SD-BIL.

Furthermore, consider the requirements for the use of revenue recognition listed in SAP Note 782758. With regard to the prerequisite SupportPackage levels, the upgrade is not necessary if all of the relevant SAP Notes have been implemented manually.

Validity

This document is not restricted to a software component or software component version

References

This document refers to:

SAP Notes 

2020195 - SD revenue recognition: Important SAP Notes up until May 2014  

Version  2 Validity: 26.05.2014 - active Language  English

Released On  26.05.2014 07:25:10

Release Status Released for Customer

Component  SD-BIL-RR Revenue Recognition

Priority  Recommendations / Additional InfoCategory  Consulting

1692736 Important Rev.Rec. SAP Notes up to 09/2012 

782758 Prerequisits for using the Revenue Recognition functionality 

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Attachments

File Name File Size (KB) Mime Type

RR_NOTES_2014_05_2020195.xls  127  application/vnd.ms-excel

 RR_NOTES_2014_05_2020195.pdf   423  application/pdf 

 USER_GUIDE_RR_NOTES.pdf   64  application/pdf 

 RR_NOTES_2014_05_2020195.zip  31  application/x-zip-compressed