What is 'crude type' in SAP IS-OIL-PRA - Production and Revenue Accounting?

crude type - Overview

• Component: IS-OIL-PRA

• Component Name: Production and Revenue Accounting

• Description: Classification of a particular type of crude oil, such as "sour" or "sweet".

crude type - Details

• 
  Key Concepts: 
  Crude type is a term used in the IS-OIL-PRA Production and Revenue Accounting component of SAP. It is used to classify different types of crude oil based on their physical and chemical properties. Crude types are used to determine the pricing of crude oil, as well as the taxes and royalties associated with it. 
  
  How to use it: 
  In order to use crude type in SAP, users must first define the different types of crude oil they are dealing with. This can be done by entering the relevant information into the system, such as the name of the crude type, its API gravity, sulfur content, and other properties. Once this is done, users can then assign each type of crude oil to a specific pricing group or tax rate. 
  
  Tips & Tricks: 
  When defining crude types in SAP, it is important to ensure that all relevant information is entered accurately. This will ensure that the correct pricing and taxes are applied to each type of crude oil. Additionally, it is important to keep track of any changes in the properties of a particular type of crude oil over time, as this may affect its pricing or taxation. 
  
  Related Information: 
  For more information on how to use crude type in SAP, please refer to the official SAP documentation on IS-OIL-PRA Production and Revenue Accounting.