How to use RECDIFRS - IFRS: Valuation of Contracts

SAP Transaction Code - Details

• Transaction Code: RECDIFRS

  Description: IFRS: Valuation of Contracts

  Release: S/4HANA and ECC 6

• • Program: RFRECDIFRS

    Screen: 1000

    Authorization Object:

  • Development Package: RE_CD_CD

    Package Description:

    Parent Package:

  • Module/Component:

    Description:

Smart SAP Assistant

• SAP Tcode: RECDIFRS - IFRS: Valuation of Contracts

  
  Overview:
  The SAP transaction code RECDIFRS is used to perform the valuation of contracts in accordance with International Financial Reporting Standards (IFRS). This transaction code is used to ensure that the financial statements of an organization are compliant with IFRS. 
  
  Functionality: 
  RECDIFRS allows users to perform the valuation of contracts in accordance with IFRS. This includes the calculation of the fair value of a contract, as well as the recognition and measurement of any associated liabilities or assets. The transaction code also allows users to view and analyze the results of the valuation process. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code RECDIFRS into the command field. 
  2. Select the contract that needs to be valued. 
  3. Enter the relevant data for the contract, such as contract date, contract amount, and any other relevant information. 
  4. Select “Valuate” to begin the valuation process. 
  5. Review and analyze the results of the valuation process. 
  6. Save any changes made to the contract data or results of the valuation process. 
  7. Exit out of the transaction code when finished. 
  
  Other Recommendations: 
  It is important to ensure that all relevant data is entered accurately when using RECDIFRS, as this will ensure that the results of the valuation process are accurate and compliant with IFRS standards. Additionally, it is recommended that users familiarize themselves with IFRS standards before using this transaction code, as this will help them understand and interpret the results of the valuation process more effectively.