Virtually every company tracks and reports revenue, and it is rarely an easy process. In May 2014, new revenue accounting standards were set by the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB), expected to become effective for IFRS and US GAAP preparers in 2017 while the FASB has proposed postponing the effective date by one year. To help companies manage this transition, SAP SE (NYSE: SAP) today announced the SAP® Revenue Accounting and Reporting application, which specifically addresses both requirements derived from this new accounting standard as well as generic and existing requirements related to revenue recognition across various accounting principles.

Källa: SAP. Läs mer >>