SAP Note 920772 - FASB 13 compliance in Flexible Real Estate

Component : Contract -

Solution : https://service.sap.com/sap/support/notes/920772 (SAP Service marketplace login required)

Summary :
This SAP Note outlines methods for ensuring FASB 13 compliance in SAP Real Estate Management, necessary for public-traded companies adhering to US GAAP. It introduces the Real Estate Contract BAdI, implemented since the R/3 Enterprise Financials Extension Set 2.00 in 2004, which allows the customization of standard systems for compliance management without system modification. SAP also provides sample coding along with comprehensive implementation guidance through SAP Notes 907742 and 952432. Additionally, SAP Consulting is available for further custom changes, while no additional enhancements to this functionality are planned.

Key words :
terms straight-line rental income, generally accepted accounting principles, financial accounting standards board, /3 enterprise financials extension set 2, prerequisites public traded companies, real estate contract badi, sap real estate management, real estate manager, public-traded company, straight-lined rents

Related Notes :

952432FAS13: 2nd Edition
907742Example implementation for requirements of FAS13 v.US-GAAP
771098Countries: Release limitations for RE-FX
517673Flexible Real Estate: Features and release restrictions
443311Enterprise Extension SAP Real Estate: Technical basics