What is base meridian in SAP IS-OIL-PRA - Production and Revenue Accounting?

SAP Term: base meridian

• Component: IS-OIL-PRA

• Component Name: Production and Revenue Accounting

• Description: The point of reference used in specifying the location of the township and range.

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• Key Concepts: 
  The base meridian is a component of the IS-OIL-PRA Production and Revenue Accounting module in SAP. It is used to define the time zone for the production and revenue accounting system. This time zone is used to calculate the start and end times of production and revenue accounting activities. 
  
  How to use it: 
  The base meridian is set up in the system configuration. It can be changed at any time, but it is important to note that any changes will affect all production and revenue accounting activities. Once the base meridian is set, it will be used to calculate the start and end times of all production and revenue accounting activities. 
  
  Tips & Tricks: 
  It is important to ensure that the base meridian is set correctly in order to ensure accurate calculations of start and end times for production and revenue accounting activities. Additionally, it is important to note that any changes made to the base meridian will affect all production and revenue accounting activities. 
  
  Related Information: 
  The base meridian is related to other components of the IS-OIL-PRA Production and Revenue Accounting module, such as the production period, which defines the period of time for which production and revenue accounting activities are calculated. Additionally, it is related to other SAP modules, such as FI-CA (Financials for Contract Accounting) and CO-PA (Controlling for Profitability Analysis).