Contract Accounting - Group Ledger IFRS (33X)

In this scope item, you handle ledger-specific transactions and reports for IFRS within contract accounting. This includes Doubtful Receivables, Foreign Currency Valuation, Day-End Closing, and Month-End Closing.

Key Process Steps Covered

Review doubtful receivables
Perform foreign currency valuation
Perform day-end and month-end closing

Benefits

Support IFRS accounting principles
Ensure complete and accurate accounting data in parallel accounting

Additional Information

This scope item requires an additional SAP S/4HANA Cloud license

Where is Contract Accounting - Group Ledger IFRS(33X) being used?

This Scope item is used in the following way:

As a core function of Subscription Billing and Revenue Management within Finance Scope Item Group

Process flow of Contract Accounting - Group Ledger IFRS (33X)

Find below the process flow of the scope item Contract Accounting - Group Ledger IFRS as it is defined for release s4hc-2111.

Download Process Flow of Best Practice scenario Contract Accounting - Group Ledger IFRS (33X) - S/4HANA Cloud

Ref: Finance of SAP S4HC-2111

Best Practices related to S/4HANA

Best Practices of SAP S/4HANA On Premise *1
Best Practices of SAP S/4HANA Cloud *2
Best Practices of SAP Analytics Cloud *2
Best Practices of Robotics Process Automation(RPA) with SAP Leonardo *2

*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.

Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered:

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