SAP Revenue Accounting and Reporting (RAR) - Definitions or Keywords

Operational Document: It represents a contract that an enterprise has with its customer to deliver goods or service within a stipulated time. This could traditionally represent a sales order/delivery/invoice.

Transaction Price: This is the price of the item determined in the operational document (Sales Order/Invoice) via pricing conditions and cannot be maintained within Revenue Accounting

Stand Alone Selling Price: This is the ‘fair value” price of the distinct item when sold individually which can be maintained in the operational document or within Revenue Accounting.

Revenue Contract: This is an automatically generated number created within Revenue Accounting. This number could be unique per operational document (Sales Order) or a combination of operational documents. The subsequent processing of the operational document (Delivery or Invoice) will update the same Revenue Contract.

Performance Obligation (POB): This is a promised item in the contract to the customer to deliver transfer goods or perform service. It is also an automatically generated number created within Revenue Accounting under the contract.

Distinct or Indistinct: Distinct POB is goods or service always sold by itself independently and Indistinct POB’s are goods or service that are combined with other items and does not need individual tracking.

Note : Source SAP Help