Ifrs 15 - by Leo Lehr (Hardcover)
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<p/><br></br><p><b> Book Synopsis </b></p></br></br><p>Companies are required to implement a new<br /> accounting standard in January 2018 - the IFRS 15<br /> standard for revenue from contracts with customers. In<br /> the process, they have the unique chance to do more<br /> than just fulfill a regulation: The implementation is an<br /> opportunity to critically assess processes for revenue<br /> accounting and improve inefficient "business-as-usual"<br /> processes.<br /> When the standard is implemented together with process improvements<br /> and powerful software, your company can gain a competitive advantage and<br /> significantly lower the cost of becoming compliant. Those companies that<br /> drag their feet and have to comply on a manual basis each month after January<br /> 2018 will be at a disadvantage, due to the high cost of manually reconciling<br /> accounts and creating reports.<br /> In this book, you will learn the regulatory background of IFRS 15 and how to<br /> best meet the challenges associated with implementation, based on examples<br /> from the telecommunications and software industries. "IFRS 15: Revenue<br /> from contracts with customers, with SAP Revenue Accounting and Reporting"<br /> prepares organizations for the impact of the standard on processes throughout<br /> the company that are related to revenue recognition.<br /> The authors explore: <br /> - How the most important IFRS 15 framework, the 5-step model, works<br /> - How different areas of your company will be affected by IFRS 15<br /> - How IFRS 15 implementation works with the solution from one vendor, <br /> SAP's Revenue Accounting and Reporting (SAP RAR) module.</p>
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