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Dokumentation

MGJVDI40 - PAI for screen 0140 Joint Venture Master Transaction

Description

The Joint Venture Master: Equity Group Assignm. screen enables you to assign an equity group to ownership of a joint venture as of a specific date.

An equity group is assigned to ownership of a joint venture via the equity type. The assigned equity group remains the owner of the venture, and responsible for all expenses booked to it, until a new equity group is assigned to ownership effective as of a subsequent date.

You may indicate whether the equity group is active via the indicator in the EGAct field. The equity group must be active in order for expense postings to be booked to it.

When an expense posting is booked to an equity group, the Valid from field containing the effective date of ownership is closed for entry. If there is a need to change this effective date, you may re-open the Valid from field by selecting Equity adjustment. You will also need to run the equity adjustment program via periodic processing to change the equity group assignment of existing postings.

Requirements

Equity types must be set up via JVA configuration. Equity groups must be set up at the joint operating agreement level. Only equity groups in the same joint operating agreement as the joint venture can be assigned to ownership of the venture.

Only equity groups representing the same ownership type as the joint venture are available to be assigned to ownership of the venture. For example, only equity groups representing an operated ownership condition are available to be assigned to ownership of a joint venture with a venture type of "operated."