Revenue Accounting Overview
Application component: Revenue Accounting Contract Processing
App type: Analytical
Line of business: Finance
Leading industry: Cross Industry
Solution capability: Financial Accounting (S/4 CLD)|Revenue and Cost Accounting (S/4 CLD)
Description:  You can use the Revenue Accounting Overview to view useful analytical KPIs, such as recognized revenue, resulting from the selected Display Currency, Company Code, Accounting Principle and Fiscal Year, or by using the quick links to other apps. 
Revenue Accountant can have an overview of the current status for recognized revenue, top 5 best sellers, and top 5 best business partners, and also revenue forecast for the next 12 months.
Key features: Revenue Accounting Overview provides the following cards: Recognized Revenue Overview Card You can view and compare the recognized revenue for a specific quarter between the fiscal and previous year. Recognized revenue is calculated using the display currency. Currency conversions from the revenue in document currency are performed using current system date with exchange rate type M. Here, recognized revenue is the year-to-date recognized revenue regardless of the run date of Revenue Accounting Overview for the selected and previous fiscal year. You can also navigate to the Disaggregation of Recognized Revenue application to view future recognized revenue analysis for the selected fiscal year. For example, assume your system is configured with fiscal year variant K4, which is same as a calendar year with 4 special periods, and the current system date is 2019/05/07. You are then able to view recognized revenue for the first two quarters of 2019. Only recognized revenue from April to May are considered for the second quarter as the current accounting period is 05. You will also be able to view recognized revenue for all four quarters from the previous fiscal year, in this example, 2018.  Top 5 Business Partners/Customers Card You can view the top 5 contractual prices and top 5 recognized revenue aggregated by business partners or customers within a certain time period. This quickly identifies key business partners or customers. Recognized revenue in this card is for the year-to-date. You can also navigate to the Disaggregation of Recognized Revenue application to view future recognized revenue analysis for the selected fiscal year. You will see the contractual price and recognized revenue are listed in both the display and document currencies. They are sorted in descending order using amounts in the display currency. Note This card only supplies figures with valid business partners or customers. If only customer information is supplied, the card displays the aggregated recognized revenue by customers. If only business partner information is supplied, the card displays the aggregated recognized revenue by business partners.  Top 5 Best Sellers Card You can view the top 5 contractual prices and top 5 recognized revenue aggregated by performance obligation name within a certain time period. You can use this information to highlight important performance obligations. Recognized revenue in this card is for the year-to-date. You can also navigate to the Disaggregation of Recognized Revenue application to view future recognized revenue analysis for the selected fiscal year. You will see the contractual price and recognized revenue are listed in both the display and document currencies. They are sorted in descending order using amounts in the display currency.  Revenue Trend Card You can view the revenue trends for the next 12 accounting periods in the display currency. Revenue includes recognized revenue of both time-based and event-based POBs that are to be fulfilled in the 12 upcoming periods. You can also navigate to the Disaggregation of Recognized Revenue application to view future recognized revenue analysis for the selected fiscal year.  Quick Links You can navigate to other applications such as Manage Revenue Contracts, Revenue Schedule, Journal Entries by Contract, Comparison of G/L Accounts-Revenue Accounting and G/L, Shift Contracts to Next Period, Disaggregation of Revenue, and Manual Fulfillment for further analysis of your business.   Number of Revenue Contracts by Status Card You can view the number of revenue contracts by status, such as the number of revenue contracts with the In Process status or the number of revenue contracts whose completion date falls within the selected fiscal year. You can also navigate to Manage Revenue Contracts to view more details on the revenue contract list based on the different status types.   Recognized Revenue by Timing Card You can see the recognized revenue by timing, for example, displaying revenue for a goods transfer at a specific point of time, for service transfer over time or for a percentage of a project. Recognized revenue in this card is for year-to-date just as it is in Recognized Revenue Overview and is calculated using the display currency. You can also navigate to the Disaggregation of Recognized Revenue application to view future recognized revenue analysis for the selected fiscal year. 
Business roles: Revenue Accountant
Revenue Accountant : 
Displays and edits revenue contracts relevant information, check and reconcile postings for revenue contracts.