LEGAL DECLARATION FOR COMPULSORY STOCK WITH IS OIL

[Former Member]

Dear all,

Obviosly it's not possible to manage the compulsory stock with IS-Oil Solution although this is a legal requirements for many countries.

In fact, each country require for oil company to declare a volume of stock that is used as a "reserve" or "safety" stock. This is done by product category and it's based on the previous comsuption of Oil product for the previous year.

Please have you an idea on how can we manage this in SAP without a lot of specific developement.

regards

Nabil EL ABED

[Former Member · Accepted solution]

Hi Nabil,

Yes, these Legal requirements are followed in most of countries, standards such as IFRS International Financial Reporting Standards (IFRS) which is globally accepted list of standards followed in countries such as Australia, Europe, Russia, Singapore, Canada etc .

ISA standrads are practised across the world to provide audit , tax service consulting to clients in accordance to the accounting principles. SAP provides Audit Management to map the requirements and mainly used for reporting purposes.

Depot Management can manage this requirement which records the volume of stock available per tank / depot / product wise.

Best Regards

Satish