How does the "Revenue Recognition" process work in S/4HANA?
In the earlier SAP ECC world, revenue was typically recorded after payments were made. Since the adoption of internationally recognized accounting standards such as the IFRS15 standard as well as ASC 606, the rules have changed. Companies now must declare their earnings according to the regulations by using "Performance obligations" instead of printing an invoice.https://www.iteducationcentre.....com/sap-fico-course-