SAP Expects a Significant Impact of New International Accounting Standard

The new international accounting standard for revenue recognition (IFRS 15), who after years of deliberations by the International Accounting Standards Board (IASB ) and the U.S. standard setter Financial Accounting Standards Board (FASB ) is nearing publication, according to estimates by SAP a significant impact bring to their own industry with it. 

"The consequences for the software industry are essential", the designated Chief Financial Officer Luka Mucic says in the interview, the stock market newspaper. The existing provisions of U.S. GAAP, which are also observed by Software Company outside the United States for better comparability with U.S. competitors in many cases, would have been given a very narrow and sometimes extremely conservative corset. The new standard is much less conservative. "This means that software companies must not only implement the new rules, but also determine how they want to deal with the new flexibility.”

Other industries, particularly if they offer various goods and services under a single contract, will, according to experts from the be affected by the new standard. SAP, which is often sold with their software and maintenance services, had been involved from the beginning in the development of the new standards, the acting CFO Werner Brandt also says in the interview, the stock market newspaper. The new standard will lead to significant changes in the revenue recognition of the Dax Group. "We are already for some time in analyzing these changes and this analysis will now conclude on the basis of the final version.” The 60 -year-old Brandt, who stands at the head of the financial department of SAP since 2001, the end of June adopted in retirement. For him, takes over the 18-year younger Luka Mucic, who will be in a DAX-listed companies from 1 July of the current youngest CFO.

IT Best Practices for Financial Managers

Praise for IT best practices

"The CFO work revolves around the company's financial systems. Ms. Roehl-Anderson, two key aspects of these systems is the last offer, to buy and how to install. Book covers all ERP, service, shared services, support, and software, including controls, such as those systems. And mind of a boy as a bonus, the book includes a scope of the acquisition of information technology issues. This is a final document. "-Steve Bragg, CFO, XeDAR Corporation, and the author of the best accounting practices

"Wise Industries, Jan and his team of project managers a highly qualified, advice software selection, implementation, deployment and convenient for constant updates, have not yet submitted a This comprehensive guide is an invaluable reference guide for all financial executives and IT Project Manager to undertake the implementation of ERP.. "- Valerie Borthwick, former senior vice president, Oracle Consulting

"Written by one of the best in the IT industry, this book is a must read for all CFOs and controllers. As a single unit of a financial manager needs to know about IT and finance covers respect to the function, practical guidelines, current issues and best practices in IT provides. This book covers everything. "Jo-Marie Dancik, Regional Managing Partner (retired), Ernst & Young

From the Inside

In recent years, systems with a large amount of change in the world, closely following the latest trends and best practices in the financing system is incredibly difficult to stay. CFOs and controllers, a complete guide to drastically reduce their incomes and expenditures, improve efficiency based on organizational, financial, IT best practices for administrators to define action plans for different stages of safety net, social planning, design, construction, testing and deployment, including information technology, and to increase security and privacy control CFO looks at the roles and responsibilities.

Safe Practices and attentive, and the best for IT managers, financial systems secure, reliable, and financial systems, budget and time available for the application, one of the most important aspects of the work focuses on the CFO.

The application offers a talk time of your coverage:

• For the importance of IFRS and CFO
• Process of technology planning for IT
• ERP software selection
• The process of deploying software
• Critical success factors for computer applications
• People away from "traps" from
• Shared services and financial systems
• Trend towards globalization of IT costs
• Impact of Sarbanes-Oxley financial systems applications
• The phenomenon of software as a service
• E-commerce
• Mergers, acquisitions, divestitures and computer

Technology is constantly changing; this information is about the only constant. Affect the function of best practices of funding for financial management information system to provide financial executives with an understanding of some of the most important areas of focus. Selection, implementation and systems of good practice for the management of these exact jargons, a detailed guide through the work of IT in all areas to add value to organizations to help managers financing.

About the Author

Janice Roehl-Anderson, director of the Company with practical applications in the northeastern Pacific, Deloitte. In this state, is responsible for facilitating the provision of services related to ERP. January Oracle, PeopleSoft, SAP and Siebel, as many enterprise resource planning, customer relationship manage-ment and man management packages software resources, managed the implementation. O of consumer, media and entertainment, communications, high-tech manufacturing, financial institutions, including state and local governments and the global system has over twenty years of relevant experience in a variety of industries. He has authored over ten books by John Wiley & Sons, and successfully completed the CPA exam.

SAP FI | Transitioning to IFRS in SAP ERP Financials

This book is for the conversion to IFRS for the preparation of their own SAP ERP Financials  (SAP FI) provides a roadmap and capital projects of conversion. The scope of the transition process in detail a petrochemical company, a U.S. GAAP / IFRS in the deltas of view and how they are mapped to the SAP ERP Financials, and includes a draft IFRS large real-world advice. Financial professionals, administrators, technicians, project managers and consultants to promote their own projects or update scenarios to improve IFRS, but you will appreciate this concise guide.

Delta division of U.S. GAAP and IFRS

How to learn IFRS U.S. GAAP deltas organization and assets, including revenue recognition and consolidation work, the level assigned to encode the SAP ERP Financials.

Case study of IFRS in the real world

A large company, after a thorough study of a multinational petrochemical IFRS Get tips on transforming the real world.

The business plan, program and project phases

Roadmap, project staff, and difficulties, including the construction, evaluation, implementation, to understand the full cycle of implementation of the project.

Map of the functionality of SAP ERP Financials

SAP General Ledger, consolidation and IFRS standards, including XBRL tools, maps, features Learn how SAP ERP Financials.

IFRS Financial Accounting Configuration

Country code and the SAP ERP Financials global effects of IFRS reporting parameters money.

Features of Transitioning to IFRS in SAP ERP Financials:

• Calendar of IFRS conversion 
• U.S. GAAP and IFRS deltas 
• The mapping functionality of SAP ERP Financials
• Project planning and implementation 
• Case Study in the real world 
• SAP General Ledger Migration 
• Merge and other tools

About the Author

Paul Theobald IFRS SAP customers in North and South America, the General Accounting, and transition services in SAP consulting CapeGlobal, the owner. He emigrated in the SAP general ledger, a successful author and has participated in the project since 2005 the transition to IFRS.

Implementing SAP Business Objects Planning and Consolidation (SAP BPC): Volume I: Foundations

To give a new look at how to implement successfully, and SAP BusinessObjects Planning and Consolidation (SAP BPC) to distribute the first book in the series. Any industrial and / or business plan and technical elements of the system by managing the major decisions regarding the design and implementation of SAP BPC is designed to convert the novice reader. Practical examples and best practices, rules and practices and in real projects designed for quick reference. Useful for NetWeaver and Microsoft platforms, the reader of this book is really basic elements necessary for successful implementation of SAP BPC perspective focuses on providing a personalized and comprehensive development to minimize and avoid common mistakes. 

The book also considers how SAP BPC creates a balance sheet, income statement, cash flow, and the currency conversion process SAP BPC needed to complete the process adopted under IFRS and U.S. GAAP, and explores two types currency conversion, consolidation, and special applications, see the SAP BPC. In addition, using data from SAP and non SAP, budgeting, planning, forecasting and consolidation built the reader useful information on how to leverage the functionality provides not made before. Additional content of this book is the process of cost of capital, planning cost centers, operating expenses, production planning, staffing and planning requirements for design and as part of the collection contains general rules of use and more personal.

Actual Costing with The SAP Material Ledger

Product Description of Actual Costing with The SAP Material Ledger

• The real cost of a periodical, and to do more than the actual cost of the assessment set out carrying material SAP
• In this business, what it means to discover and SAP accounting material for the calculation of actual costs
• Key functions of the SAP Ledger advanced and cost of real materials

A driver, an accounting consultant or professional, then this is your complete guide to the actual cost of the material from the book of SAP! Here's how, why and where business practices to optimize the SAP Material Ledger, you will find a real cost to maintain the response. SAP provides a brief description of how to configure the General Ledger of the book reviews the use of alternative materials and features such as Ledger's operating costs and the current code, the actual costs of companies that use plunges deep.

Actual cost process

Learn about the different types of stock assessment and how they affect your business.

Configuration

Ledger, the basic configuration of the SAP material master. Suddenly a lot of money in the stock assessment and will be able to configure the system to work with more advanced tasks.

Create your own scenarios

Go ahead and conditions of this kind of production, supply chain, transfers, closing operations at the end of the period, and scenarios such as the system is rebooted.

Advanced Topics

Discover how to display the actual costs and actual costs of companies in CO-PA Ledger integrates with the material.

Recent Publications

To date, SAP ERP 6.0 Enhancement Package 5, companies can prepare for future changes and transitions.

Features of  Actual Costing with The SAP Material Ledger

• Planning costs of product
• Manages a real cost
• The total absorption
• Change the purchase price
• The production and the types of fireworks
• Material prices
• A multi-level determination of prices and
• The actual cost of Re-sales Cost
• The actual cost WIP revaluation
• Multiple assessment / transfer pricing
• IFRS

Author

Vanda Reis, many large companies around the world and advice worked as a consultant and expert Ledger is the cost of materials. This is a real cost (book) Product cost processes that are 12 years of experience. SAP as an adviser and consultant for Vanda's book that has worked for several major accounts. Material experts book magazine, finance have written, and a regular contributor to the SAP community.