What is valuation cross reference in SAP IS-OIL-PRA-REV - Revenue?

SAP Term: valuation cross reference

• Component: IS-OIL-PRA-REV

• Component Name: Revenue

• Description: A link between a formula, a contract, a producing entity, and ownership data--either unit properties or divisions of interest.

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• Key Concepts: 
  Valuation Cross Reference is a feature in the IS-OIL-PRA-REV Revenue Recognition component of SAP. It allows users to assign a valuation to a particular item or group of items, and then reference that valuation in other documents. This helps to ensure that the same value is used throughout the system, and that any changes made to the valuation are reflected in all documents. 
  
  How to Use it: 
  To use Valuation Cross Reference, first create a valuation for an item or group of items. This can be done by entering the value into the “Valuation” field in the item’s master data. Once this is done, the valuation can be referenced in other documents by entering the “Valuation Cross Reference” field in the document. This will automatically pull up the value from the master data. 
  
  Tips & Tricks: 
  When creating a valuation for an item or group of items, it is important to make sure that all relevant information is included. This includes any discounts or surcharges that may apply, as well as any taxes or fees that may be applicable. Additionally, it is important to make sure that all documents referencing the valuation are updated when changes are made. 
  
  Related Information: 
  Valuation Cross Reference is just one of many features available in SAP’s IS-OIL-PRA-REV Revenue Recognition component. Other features include revenue recognition rules, revenue recognition methods, and revenue recognition reports. Additionally, SAP offers a variety of other components and modules that can help users manage their finances more effectively.