top of page

Art & Craft Group

Public·62 members
Benjamin James
Benjamin James

Ssp Rar

In the Five Step Revenue Recognition process, Step Four requires that entities allocate the Transaction Price to each Performance Obligation (POB) based on its relative Standalone Selling Price. The Standalone Selling Price is the price at which the entity would sell a good or service separately to a customer.

Ssp rar


As per the New Revenue Standard, all Standalone Selling Prices need to be estimated if the selling price is not readily available. The estimation method used should be consistently applied in similar circumstances and it should include as much available information as possible, including Market Conditions and entity/customer specific factors. However, Accounting Standard Codification (ASC) 606 provides three standard methods to estimate the Standalone Selling Price as listed below:

2. Expected Cost Plus Margin ApproachUnder the Expected Cost Plus Margin Approach method, the entity estimates Standalone Selling Price by estimating expected cost to satisfy the Performance Obligations and then adding an appropriate margin. This approach would be more useful when demand for the good or service is unknown and/or the fulfillment costs are clearly identifiable.

3. Residual Approach Under the Residual Approach method, Standalone Selling Price is estimated by subtracting the sum of all observable Standalone Selling Prices of other goods or services promised from the total transaction price. The Residual approach can only be used if one of the below criteria is met:

The Standalone Selling Price needs to be determined at the outset of the contract regardless of the approach used. The management team should consider all available information and maximize observable inputs to identify the most suitable approach to use. If there is no observable Standalone Selling Price then a company can use a combination of approaches to determine Standalone Selling Price for each Performance Obligation.

In summary, the Revenue Standard ASC 606 provides a clear picture to determine Standalone Selling Price based on three standard approaches and it also simplifies the process to determine Standalone Selling Price.

In the Revenue Standard, the non-observable price hierarchy has been removed to allow any reasonable estimation method. To further simplify the process, it has also removed the need for Industry-specific guidance on Standalone Selling Price and now with the New Standard the same guidance applies for all Industries.

Lately, we've been seeing an upswing of clients asking questions about Standalone Selling Price (SSP). To refresh your understanding of SSP, Julio Dalla Costa, Bramasol's put together this short 7-minute update on the key considerations for calculating and accounting for SSP.

To learn more on Standalone Selling Price Optimization with SAP RAR, watch our recently recorded webinar. Hear from our experts on how this tool can benefit your SSP process and reduce the time required to manage it across multiple revenue streams.

Bramasol delivers business solutions for mid- to large-size companies throughout the U.S. as an SAP gold channel partner and recognized SAP services partner. Bramasol is the leader in SAP Revenue Accounting and Reporting, SAP Lease Administration and Financial Transformation.

Irrespective of the approach being used, the objective is to arrive at an estimate that closely matches an amount that the vendor expects to receive for selling the goods and services to a customer under similar conditions.

With respect to FS-PER, I have not worked on it, but from what I know, it deals with Cost and Revenue Allocation for Financial Products. In this, I think the allocations will only happen at a statistical level without any impact on the actual accounting entries. More of an analytical tool.

FS-PER is more a modelling tool.. but for whatsoever reason, they decided to push it on the cost and revenue allocation. In really, there are existing RFC adapters for read/writing data from FI-GL using the standard BAPIs.

In the time based fulfillment example, the Transaction is of $480 over 24 months. For the sake of convenience, I only displayed what would happen in the first 12 months. Hence Monthly revenue comes out to be $20.

Is there any interaction planned with procurement. Say you were to be a re-seller of an SAAS product. The end-customer side is very well represented in your examples. The cost can be identified and released when applicable, but what if you are not the source of the service/product.

I've done baseline config and able to create RAR contract which I'm able to access via FARR_RAI_MON > Enter RAR Contract and system takes me to the RAR contract screen. However, SSP,POB, allocated price etc fields are populated as blank.

This document provides guidelines on the use of the FedRAMP name, logo, and marks on all FedRAMP marketing and collateral materials. General guidelines are provided first, followed by more specific guidelines for the two major uses of FedRAMP marks: Designation of FedRAMP 3PAO accreditation and FedRAMP Security Authorization.

The FedRAMP POA&M Template provides a structured framework for aggregating system vulnerabilities and deficiencies through security assessment and continuous monitoring efforts. This template is intended to be used as a tracking tool for risk mitigation in accordance with CSP priorities.

This white paper is to help our stakeholders understand FedRAMP subnetworks (subnets) requirements. The paper covers what are subnets, why do they matter, and actions cloud service providers (CSPs) should take to ensure compliance.

This white paper describes the methodology behind which security controls and capabilities are most effective to protect, detect, and respond to current prevalent threats. The paper outlines the threat-based scoring approach and its potential applications.

This first volume of the CSP Authorization Playbook provides an overview of all of the partners involved in a FedRAMP authorization, things to consider when determining your authorization strategy, the types of authorizations, and important considerations for your offering when working with FedRAMP.

This document outlines the requirements for listing FedRAMP designations on the FedRAMP Marketplace for Cloud Service Providers (CSPs). This includes achieving, maintaining, and removing a designation for a Cloud Service Offering (CSO) and supersedes the FedRAMP In Process requirements.

The FedRAMP SSP Moderate Baseline Template provides the FedRAMP Moderate baseline security control requirements for Moderate impact cloud systems. The template provides the framework to capture the system environment, system responsibilities, and the current status of the Moderate baseline controls required for the system.

The FedRAMP SSP Low Baseline Template provides the FedRAMP Low baseline security control requirements for Low impact cloud systems. The template provides the framework to capture the system environment, system responsibilities, and the current status of the Low baseline controls required for the system.

The FedRAMP SSP High Baseline Template provides the FedRAMP High baseline security control requirements for High impact cloud systems. The template provides the framework to capture the system environment, system responsibilities, and the current status of the High baseline controls required for the system.

This document supports the Incident Communication Procedure for FedRAMP. This Incident Communication Procedure outlines the measures to consider so all parties effectively communicate during a security incident incurred by a FedRAMP authorized CSP.

This checklist details the documents required for a complete FedRAMP initial authorization package. CSPs must submit this checklist along with their authorization package so that the FedRAMP PMO can verify their package is complete prior to conducting reviews.

The FedRAMP Low or Moderate CIS Workbook Template delineates the control responsibilities of CSPs and Federal Agencies and provides a summary of all required controls and enhancements across the system.

The purpose of this document is to outline the criteria by which CSPs are prioritized to work with the JAB toward a P-ATO, the JAB prioritization process, and the Business Case requirements for FedRAMP Connect. We ask that CSPs review this document in its entirety before beginning the FedRAMP Connect process.

This document was developed to capture the type(s) of system changes requested and the supporting details surrounding requested system changes, including FIPS 199. It can be used to request a significant change within an existing ATO.

This document defines the FedRAMP policies and procedures for making significant changes. It provides requirements, guidance, and actions the FedRAMP PMO, AO, CSP, and 3PAO will take when a CSP wishes to make a significant change to its provisionally authorized cloud service.

Appendix B: FedRAMP Tailored LI-SaaS Framework Template shows CSPs how to describe the security risk posture of their cloud-based SaaS application, based on the FedRAMP Tailored LI-SaaS security control baseline.

The purpose of this document is to describe the general document acceptance criteria for FedRAMP to both writers and reviewers. This acceptance criterion applies to all documents FedRAMP reviews that do not have special checklists or acceptance criteria predefined for them.

This document provides CSPs with a framework to create and deploy an automated, CVSS-based vulnerability risk adjustment tool for vulnerabilities identified by vulnerability scanning tools. The document is in DRAFT form while FedRAMP pilots this process with CSPs over the next year or so.

This document replaces the P-ATO Management and Revocation Guide and explains the actions FedRAMP will take when a CSP fails to maintain an adequate risk management program. It lays out the escalation processes and procedures as well as minimum mandatory escalation actions FedRAMP will take when a CSP fails to meet the requirements of the P-ATO. It also specifically addresses FedRAMP P-ATOs maintained by the JAB and enables FedRAMP to provide effective oversight of the CSP Continuous Monitoring programs. 041b061a72


Welcome to the group! You can connect with other members, ge...


Group Page: Groups_SingleGroup
bottom of page