Is Joint Venture Accounting Available for Subledger Accounting or General Ledger?
Last updated on FEBRUARY 22, 2017
Applies to:Oracle Project Costing - Version 12.1.3 and later
Information in this document applies to any platform.
Joint Venture, JV, Accounting
You bought a new company on which you are running the operations together with another partner.
You need to have the ownership ratio based accounting applied for the Ledger at the Subledger Accounting (SLA) or General Ledger (GL) level.
For this, you need to implement a joint venture accounting where an agreed ratio of the total transactions shall be shared in the books. Once data is posted to GL, it must get split into two ledgers or multiple ledgers as per the number of joint venture partners.
Is there a solution for Oracle EBS to handle the joint venture accounting?
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