What is 'marketing group' in SAP IS-OIL-PRA-REV - Revenue?

marketing group - Overview

• Component: IS-OIL-PRA-REV

• Component Name: Revenue

• Description: A marketing group consists of one or more working interest owners jointly marketing a product under one or more contracts.

marketing group - Details

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  Key Concepts: 
  A marketing group is a component of the IS-OIL-PRA-REV Revenue Recognition module in SAP. It is used to define the criteria for recognizing revenue from sales transactions. It is used to group together similar sales transactions and to determine when revenue should be recognized. 
  
  How to use it: 
  The marketing group is used to define the criteria for recognizing revenue from sales transactions. It can be used to group together similar sales transactions and to determine when revenue should be recognized. The criteria for recognizing revenue can include factors such as the type of product sold, the customer, the payment terms, and other factors. 
  
  Tips & Tricks: 
  When setting up a marketing group, it is important to consider all of the criteria that will be used to recognize revenue. This will ensure that all sales transactions are grouped together correctly and that revenue is recognized at the appropriate time. 
  
  Related Information: 
  The IS-OIL-PRA-REV Revenue Recognition module also includes other components such as pricing groups, billing documents, and payment terms. These components are used in conjunction with the marketing group to ensure that revenue is recognized correctly.