{"id":538,"date":"2019-04-12T17:36:50","date_gmt":"2019-04-12T15:36:50","guid":{"rendered":"https:\/\/www.rteasy.de\/products\/ifrs15-easy\/"},"modified":"2020-11-24T12:11:21","modified_gmt":"2020-11-24T11:11:21","slug":"ifrs15-easy","status":"publish","type":"page","link":"https:\/\/www.rteasy.de\/en\/products\/ifrs15-easy\/","title":{"rendered":"IFRS15.easy"},"content":{"rendered":"

[vc_row el_class=”teaserblock-full” css=”.vc_custom_1562934440396{padding-bottom: 30px !important;}”][vc_column][vc_single_image image=”682″ img_size=”full” alignment=”center” onclick=”custom_link” img_link_target=”_blank” link=”https:\/\/www.rteasy.de\/en\/registration-for-the-ifrs-15-implementation-webinar\/” css=”.vc_custom_1562934153234{margin-bottom: 15px !important;}”][vc_column_text css=”.vc_custom_1564762897146{margin-bottom: 10px !important;padding-right: 30px !important;padding-left: 30px !important;}”]<\/p>\n

IFRS15<\/strong> revenue recognition<\/h3>\n
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[\/vc_column_text][vc_row_inner css=”.vc_custom_1556294115953{padding-right: 30px !important;padding-left: 30px !important;}”][vc_column_inner width=”1\/2″ offset=”vc_col-lg-6″][vc_column_text]Benefit from our experience from many projects to implement the new leasing standard with our SAP Add-On IFRS15.easy and save yourself a place in our live webinars with our experts or use our free video offer:<\/span><\/p>\n

The webinar will take place on the following dates:
\n[\/vc_column_text][vc_btn title=”Free Webinar” style=”flat” color=”btn-custom-color” link=”url:https%3A%2F%2Fwww.rteasy.de%2Fen%2Fregistration-for-the-ifrs-15-implementation-webinar%2F|title:Anmeldung%20zum%20Webinar%20IFRS%2015-Implementierung|target:%20_blank|”][vc_btn title=”Free Video” color=”btn-custom-color” link=”url:https%3A%2F%2Fwww.rteasy.de%2Fen%2Fproducts%2Frequest-video-on-demand%2F|title:Request%20Video%20On%20Demand||” css=”.vc_custom_1575454553917{margin-left: 20px !important;}”][\/vc_column_inner][vc_column_inner width=”5\/12″ offset=”vc_col-lg-offset-1 vc_col-lg-5 vc_col-xs-12″][vc_column_text]Would you like to get to know our software solution? Then make an appointment for our live demo.<\/span>[\/vc_column_text][vc_btn title=”Free Demo” style=”flat” color=”btn-custom-color” link=”url:https%3A%2F%2Fwww.rteasy.de%2Fifrs15-easy-live-demo%2F|title:IFRS15.easy%20Live-Demo|target:%20_blank|”][vc_single_image image=”65″ alignment=”right” el_class=”style-svg”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column offset=”vc_col-lg-8″][vc_column_text]The new accounting standard IFRS 15 is coming: for fiscal years beginning on or after 1 January 2018, all companies who use the IFRS accounting standard will have to report their revenues from contracts with customers in accordance with the new standard. This entails numerous new requirements and challenges in finance and accounting, as well as IT.<\/p>\n

IFRS 15 \u2013 what\u2019s new?<\/h3>\n

The new IFRS 15 standard affects contracts concluded with customers, regardless of whether they concern the sale of goods or the provision of services. IFRS 15 thus replaces different current standards applied to revenue recognition, such as IAS 18 for sales revenues or IAS 11 for construction contracts. The most important new feature is that sales revenues should be recognised when (or as) a company transfers control of goods or services to a customer at the amount to which the company expects to be entitled.\u00a0 In order to implement this standard, a 5-step model for the determination of deferred revenue will be introduced for the first time.<\/p>\n

IFRS15.easy: integrating IFRS 15 in SAP\u00ae ERP<\/h3>\n

IFRS 15 allows the user to consider their contracts with customers either on a contract-to-contract level or by summarising similar contracts in portfolios. Due to the diversity of the IT landscape, companies from the telecommunications sector especially will be overburdened with the adjustment of systems and processes and their costs in the contract-to-contract approach. For this reason, the portfolio approach provides this sector especially with advantages as concerns realisation, maintenance and costs.
\nWith the IFRS15.easy solution and a full range of consultancy services, Sopra Steria promptly and efficiently supports these new requirements. IFRS15.easy is an add-on based on SAP ABAP\u00ae which can be simply installed in the SAP\u00ae ERP environment.<\/p>\n

Specifically, IFRS15.easy offers the following functions:<\/h3>\n