SAP Knowledge Base Article - Preview

2896346 - IFRS15 - Completed Sales Order Item Still Considered for Revenue Recognition in IFRS Set of Books

Symptom

  • You create a project-based, fix-price sales order item. 
  • You assign an accrual method to the item. The item is connected to a Performance Obligation (POB) of a Revenue Accounting Contract (RAC). 
  • All incurred costs and invoiced revenues have been realized accord to the accrual method conditions.
  • You close the assigned project task to complete the item's delivery status as well as finish its Invoicing status.
  • As a result, you expect the revenue recognition run to no longer process this sales order item but rather set the Revenue fully Recognized indicator. 
  • Instead, the revenue recognition run keeps amounts deferred or accrued for the item.


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Environment

SAP Business ByDesign

Product

SAP Business ByDesign 1911

Keywords

Completed Sales Order item, IFRS15, Contract Liability, Recognize Based on Manual Amounts, Revenue fully Recognized, IFRS , KBA , SRD-FIN-COR , Cost & Revenue , Problem

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