IFRS15 & Revenue Recognition: A first investigation – Part 1

01 Wednesday Jan 2020

Posted by Ludwig Reinhard in Uncategorized

≈ 12 Comments

Tags

Accruals, deferred revenue, IFRS15, revenue recognition

12 thoughts on “IFRS15 & Revenue Recognition: A first investigation – Part 1”

Ahmed said:

2020-01-01 at 16:53

Thanks , Please share URL for the resource (URL in background slide )

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- Ludwig Reinhard said:
  
  2020-01-01 at 17:12
  
  Hello Ahmed, I think, you must refer to the following one: https://youtu.be/AmM9FgkcCYw Best regards, Ludwig
  
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  - Ahmed said:
    
    2020-01-01 at 17:21
    
    Right , Please share other URLs you have minished it on background slide . Thanks in advance.
    
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  - Ludwig Reinhard said:
    
    2020-01-01 at 17:23
    
    This is the 2nd one: https://youtu.be/w39r6hHiI9s
    This is no 3:
    
    This is no 4:
    http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/revenue-recognition-scheduling/
    Best regards,
    Ludwig
    
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Joris Vandaele said:

2020-01-02 at 08:00

Thank you for the webcast. Just a question regarding scenario 2: if you have like a 1000 contracts = 1000 sales orders then at the end of the month the whole sales departement needs to go throw all sales orders in order to post invoices with the risk of forgetting to bill certain sales orders.
Typically what you see is that those sales invoices must be posted and send automatically to customer at the end of the month.
When you are using scenario 2, i dont think there is any way to automate this, right?

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- Ludwig Reinhard said:
  
  2020-01-02 at 08:14
  
  Hello Joris, This is also my understanding and one of the reasons for making this post; i.e. to motivate users adding ideas for improvement on the MS ideas/experience site 😉 Best regards, Ludwig
  
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Dhruv said:

2020-02-20 at 15:44

Hi Ludwig,

Can we achieve Accrued Revenue postings from this functionality ?

Eg.

1. Lease contract to pay 3000 at end of each quarter.

Entries to be posted at end of each month:

Accrued Debtor DR 1000
Revenue CR 1000

Then Quarter End, when we invoice the complete 3000

Accrued Debtor CR 3000
Debtor DR 3000

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- Ludwig Reinhard said:
  
  2020-02-21 at 05:34
  
  Hi Dhruv, My understanding is that there will be some enhancements in regards to the payment / accrual functionality. Please have a look at the roadmap and MS announcements. In the meantime you can use either the project module functionalities or the service module subscription feature. Best regards, Ludwig
  
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Peter said:

2021-09-10 at 22:35

Hi Ludwig

Has created a sales order for a T&M project. Lines that do not require revenue accrued are shown in the Project Statement under Invoiced and revenue, as expected. Lines that is accrue are not displayed and posted.
Can you get accrued sales order lines on the project?
Best regard Peter

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- Ludwig Reinhard said:
  
  2021-09-11 at 06:21
  
  Hello Peter,
  Have you checked out those MS docs sites already?
  https://docs.microsoft.com/en-us/dynamics365/finance/accounts-receivable/revenue-recognition-overview
  Best regards,
  Ludwig
  
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Michael.Donovan said:

2022-02-23 at 17:27

Hi Ludwig, how does IFRS 15 and Revenue Recognition work with Project Accounting in D365?

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- Ludwig Reinhard said:
  
  2022-02-23 at 19:12
  
  If you work with Fixed Price Projects you should be able to do that easily. For T&M projects you probably have to use the revenue rec. or subscription billing module.
  
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