What is arm's length sale in SAP IS-OIL-PRA - Production and Revenue Accounting?

SAP Term: arm's length sale

• Component: IS-OIL-PRA

• Component Name: Production and Revenue Accounting

• Description: A transaction between a buyer and a seller in which neither party is acting under duress.

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• Key Concepts: 
  An arm's length sale is a transaction between two parties that are not related to each other and is conducted at market value. In the context of SAP IS-OIL-PRA Production and Revenue Accounting, an arm's length sale is a transaction between two parties that are not related to each other and is conducted at market value. This type of transaction is used to ensure that the parties involved in the transaction are not taking advantage of each other. 
  
  How to use it: 
  In SAP IS-OIL-PRA Production and Revenue Accounting, an arm's length sale can be used to ensure that the parties involved in the transaction are not taking advantage of each other. This type of transaction can be used to ensure that the price of goods or services is fair and reasonable. The arm's length sale can also be used to ensure that the parties involved in the transaction are not engaging in any type of collusion or price fixing. 
  
  Tips & Tricks: 
  When using an arm's length sale in SAP IS-OIL-PRA Production and Revenue Accounting, it is important to ensure that all parties involved in the transaction are aware of the terms and conditions of the sale. It is also important to ensure that all parties involved in the transaction are aware of any applicable taxes or fees associated with the sale. Additionally, it is important to ensure that all parties involved in the transaction are aware of any applicable laws or regulations related to the sale. 
  
  Related Information: 
  For more information on arm's length sales in SAP IS-OIL-PRA Production and Revenue Accounting, please refer to SAP Help documentation or contact your local SAP representative. Additionally, there are many online resources available that provide more detailed information on arm's length sales and how they can be used in SAP IS-OIL-PRA Production and Revenue Accounting.