Event-based Revenue Recognition for Project-Based Services (Professional Services)

This comprehensive live session introduces Event-Based Revenue Recognition (EBRR) for project-based services in SAP S/4HANA Cloud Public Edition. Designed for finance professionals, project controllers, and SAP consultants, this session explores how EBRR enables real-time revenue and cost recognition aligned with project activities, enabling compliance with IFRS and US-GAAP standards while providing immediate financial insights

After participating in this live session, you will be able to:

• Understand the core principles of event-based revenue recognition and how it differs from traditional periodic revenue recognition methods
• Identify the key events that trigger revenue recognition postings (time confirmations, expense postings, billing, activity allocations)
• Configure and apply different revenue recognition methods for fixed-price, time and material, and periodic service projects
• Execute period-end closing processes, manage revenue recognition adjustments, and resolve common issues