Hello, everyone:
I am new to SCN and need some assistance.
I am a technical accounting and financial reporting consultant with Experis Finance.
Our clients are asking the following questions about vendor software that can automate the calculations and disclosure formats required under the new revenue recognition standard, ASC 606, particularly for software licenses and related revenue. I am having difficulty finding a document on SCN that addreses these items, though I realize that SAP is a member of the FASB/IASB Transition Resource Group (TRG) for this topic. I'm trying not to be one of the many people likely asking for the same information from Christoph Huetten, SVP and CAO for SAP, who participates on the TRG. The only document I could locate on the internet that succintly addressed these questions was from the ASUG Conference two years ago (before the final standard). Please help me get current answers for our clients about where SAP stands on its development cycle for any required upgrades. Thank you all.
- What added features does SAP anticipate for any affected modules?
- When does SAP anticipate completion of the necessary updates?
Karen Page
Karen Page
Sr. Manager-Technical Accounting and Reporting
Center of Expertise- Experis Finance
Mobile: 312-513-2340
E-mail: karen.page@experis.com