The IFRS 15/ASC606 accounting standard provides guidance on accounting for revenue from contracts with customers.
The standard is effective for customers reporting according to
|IFRS||IFRS 15 is relevant for fiscal years starting on or after January 1st, 2018|
|US-GAAP – Public Entities||ASC606 is relevant for fiscal years from December 15th, 2017|
|US GAAP – Non Public Entities||ASC606 is relevant for fiscal years from December 15th, 2018|
Currently, the IFRS 15 functionality is only available to customers as part of an Extended Controlled Availability Program and not generally available in your SAP ByDesign system. The program was an invite only program with a request email sent to all partners and customers in February 2018 and access to the program is now closed.
General availability is planned with SAP Business ByDesign 1811.
Please review the SAP Business ByDesign Roadmap and visit the IFRS 15 & ASC 606: New accounting standards for revenue with customers blog for guidance on this functionality.
SAP Business ByDesign
For information on the IFRS 16 implementation please see:
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