SAP Knowledge Base Article - Preview

3095841 - IFRS 15 - Completed Customer Contract Item Still Considered For Revenue Recognition

Symptom

  • The Revenue Accounting Contract (IFRS15) functionality is active for your company's set of books. 
  • You create a Customer Contract in a foreign currency.
  • The contract contains fix-price contract items for which you assign a straight-line accrual method, such as 303 - Straight-line – even periods.
  • Some items of the contract have been completed: Their end date is reached, their fulfillment and invoicing status is finished.
  • You notice that the revenue recognition run revalues the realized revenue in accounting periods after the contract item's end date, according to the valid exchange rate. 


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Environment

SAP Business ByDesign

Product

SAP Business ByDesign all versions

Keywords

completed customer contract, realised revenue, exchange rate differences, RAC, POB, IFRS15 , KBA , ifrs15 , realised revenue , completed customer contract , SRD-FIN-COR , Cost & Revenue , Problem

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