SAP RAR Implementation Skillset
Solution Design
1. Designing end-to-end revenue recognition processes aligned with IFRS 15 and ASC 606.
2. Defining performance obligations (POs) and standalone selling prices (SSPs).
3. Mapping business requirements to SAP RAR functionalities.
4. Creating functional specifications for custom requirements.
5. Designing revenue schedules and deferrals for complex contracts.
6. Developing solutions for handling contract modifications and adjustments.
7. Designing revenue recognition rules for multi-element arrangements.
8. Incorporating sustainability metrics into revenue recognition processes.
Configuration
9. Configuring revenue recognition rules for IFRS 15 and ASC 606 compliance.
10. Setting up event types for revenue recognition triggers.
11. Configuring revenue schedules, deferrals, and time-based revenue realization.
12. Defining variable consideration methods and allocation logic.
13. Configuring contract liability, contract assets, and revenue recognition timelines.
14. Setting up custom event types for industry-specific revenue recognition needs.
15. Configuring revenue adjustments, reclassifications, and retrospective changes.
16. Enabling automation and real-time revenue processing through RAR engine.
17. Configuring cost recognition (Cost of Goods Sold - COGS) and cost deferrals.
18. Setting up revenue account determination and account postings.
19. Configuring revenue contract combinations and separations.
20. Enabling contract modifications tracking (contract changes and partial fulfillment).
21. Setting up parallel accounting for multi-GAAP compliance.
22. Configuring revenue recognition for recurring and subscription-based models.
23. Enabling integration with SAP Profitability Analysis (CO-PA) for margin tracking.
Integration
24. Integrating SAP RAR with SAP BRIM (CI, CC, SOM).
25. Integrating SAP RAR with SAP S/4HANA Finance (FI-GL, CO, SD).
26. Integrating with third-party systems for contract and revenue data.
27. Configuring interfaces for seamless data flow between SAP modules.
28. Ensuring real-time data synchronization between RAR and finance systems.
29. Integrating SAP RAR with SAP Analytics Cloud (SAC) for revenue forecasting.
30. Enabling integration with IoT and smart devices for usage-based billing.
31. Implementing APIs for external system integration (revenue booking).
Data Migration
32. Extracting revenue and contract data from legacy systems.
33. Cleansing, validating, and preparing revenue data for migration.
34. Mapping legacy revenue data to SAP RAR structures.
35. Conducting mock migrations and performing reconciliation.
36. Ensuring data completeness and accuracy before go-live.
37. Handling large volumes of historical revenue data for retrospective reporting.
38. Automating data transformation and loading processes.
39. Ensuring compliance with data privacy and security standards.
40. Performing unit testing for revenue recognition processes.
Testing & Validation
41. Conducting integration testing between RAR and other SAP modules.
42. Running user acceptance testing (UAT) with business teams.
43. Validating revenue postings and financial statements.
44. Ensuring correct handling of retrospective adjustments.
45. Performing negative and exception testing scenarios.
46. Automating test scripts for revenue recognition validation.
Documentation
47. Preparing functional design documents (FDD) for business processes.
48. Creating technical design documents (TDD) for configurations/customizations.
49. Documenting configuration settings and enhancements.
50. Preparing test case documentation and validation reports.
51. Documenting data migration strategies and reconciliation steps.
52. Creating end-user training manuals and revenue recognition process guides.
53. Maintaining a central repository of RAR project artifacts.
Reporting & Compliance
54. Generating IFRS 15 and ASC 606 compliance reports.
55. Configuring revenue analytics in SAP SAC and BW.
56. Developing dashboards for real-time revenue monitoring.
57. Ensuring proper audit trails and revenue adjustments tracking.
58. Automating regulatory reporting for financial statements.
Hypercare & Optimization
59. Providing post-go-live support for revenue accounting issues.
60. Monitoring revenue recognition processes and financial postings.
61. Fine-tuning revenue recognition settings for performance optimization.
62. Addressing user feedback and resolving system issues.
63. Conducting root cause analysis for recurring revenue errors.
64. Enhancing revenue reporting for better financial insights.
65. Ensuring continued compliance with evolving accounting standards.
66. Preparing hypercare issue logs and resolution documents.
67. Transitioning support to the operations team after hypercare.
68. Conducting post-implementation reviews to identify system improvements.
Conclusion
As a seasoned SAP RAR Architect, I bring a unique blend of functional expertise, deep industry knowledge, and a
results-driven approach to deliver innovative solutions that drive business growth and ensure compliance. With a
strong focus on understanding business processes and industry-specific challenges, I enable organizations to
streamline revenue recognition, improve financial accuracy, and achieve regulatory alignment. My passion for
sustainability and advanced analytics positions me as a trusted partner for organizations seeking to transform their
revenue recognition processes and achieve long-term success.
Disclaimer
Details regarding SAP projects and SAP clients will be discussed during the interview evaluation
process.
If selected, specific information will be disclosed only after obtaining confirmation and approval
from the respective client
