What is target depth in SAP IS-OIL-PRA - Production and Revenue Accounting?

SAP Term: target depth

• Component: IS-OIL-PRA

• Component Name: Production and Revenue Accounting

• Description: The depth that is anticipated for the well. This is the depth that is reported to the NGPA on the qualification request.

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• Key Concepts: 
  Target depth is a feature of the IS-OIL-PRA Production and Revenue Accounting component of SAP. It is used to define the level of detail that should be included in the production and revenue accounting process. This includes the number of levels that should be included in the accounting process, as well as the type of data that should be included. 
  
  How to use it: 
  Target depth can be set up in the IS-OIL-PRA Production and Revenue Accounting component of SAP. To do this, users must first define the number of levels that should be included in the accounting process. This can be done by selecting a number from 1 to 5, with 1 being the most detailed level and 5 being the least detailed. Once this is done, users must then select which type of data should be included in each level. This can include production data, revenue data, or both. 
  
  Tips & Tricks: 
  When setting up target depth in SAP, it is important to consider how much detail is needed for each level. If too much detail is included, it can lead to confusion and errors in the accounting process. On the other hand, if too little detail is included, important information may be missed. It is also important to consider how often target depth will need to be updated, as this will affect how often changes need to be made in SAP. 
  
  Related Information: 
  Target depth is just one of many features available in the IS-OIL-PRA Production and Revenue Accounting component of SAP. Other features include cost allocation, revenue recognition, and production planning. For more information on these features and how they can be used to improve production and revenue accounting processes, please refer to SAP’s official documentation.