Remove General Ledger Remove IFRS Remove Planning
article thumbnail

Top Five Questions Clients Are Asking About RevRec and Quote-to-Cash

Bramasol

Within the Five-Step model, Step 4 of ASC 606 and IFRS 15 requires an allocation of the total consideration in a contract, which your company is entitled to collect for each distinct performance obligation. Digital Transformation: Is there a way to map out an incremental plan for migrating our business to S/4HANA? What are the options?

SAP
article thumbnail

Universal RevRec - The Next Breakthrough in SAP Revenue Recognition Unification

Bramasol

Better Insights : Provides deeper insights into revenue metrics and performance, supporting better decision-making and strategic planning. Event-based revenue recognition is fully integrated with the General Ledger and the recognition data is stored in the same location as cost and revenue data.

SAP
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What is the Financial Consolidation Process in the Accounting World?

Planful

Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple general ledger systems, and mapping it to a centralized chart of accounts. GAAP or International Financial Reporting Standards (IFRS). Consolidating the data following specific financial accounting rules and guidelines, such as U.S.

article thumbnail

ERP and EPM Systems – Better Together

Planful

Although the name makes it sound like a system that’s optimized for planning, in reality, an ERP system is designed and optimized for back-office transaction processing and operational process support. General ledger accounting. The data in an ERP system is typically summarized in the general ledger module.

article thumbnail

10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

Finance professionals and teams today have numerous solutions available to help them plan, budget, forecast, and analyze financial information. In this buyer’s guide to the best FP&A software, we’ll provide an overview of the top financial planning and analysis tools to consider. However, not all FP&A tools are created equal.