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What kind of master data need to maintain Joint Venture information after activate the JVA module

former_member215587
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Hi All,

Do you know which kind of master data in CO need to maintain Joint venture information after the JVA module activated?

For example, if we want to mapping successfully for cutback, we need to maintain the master data with JVA information in cost center and profit center.

Thanks and regards,

Annika Wang

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Answers (1)

Answers (1)

Former Member
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Hi Annika,

If you ask purely about CO master data it's JV information (there is specific JV tab for master data objects) for:

- cost centres

- internal order (if you use them)

- WBS elements

Generally all real CO account assignement objects (with the exception of profitability segements and production orders which adopt JV info from profit centres.

Additionally for B/S account cutback you need to assign JV info to Profit Centres as well.

Regards,

Szymon

former_member215587
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Thanks so much Szymon,

Could you please advise why we need to assign JV info to profit center for B/S account cutback?

If we only cutback cost center but do not cutback B/S account, for my understanding, we still need to assign JV info to profit center master data.

Thanks and regards,

Annika

Former Member
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Hi Annika,

Some cost object derive JV info from Profit Centres e.g. production order.

Production Orders derive JV info from Profit Centre in Material Master.

If you really only cutback costs posted to cost centres you don't need to assign JV info to Profit Centres.

Cheers,

Szymon

former_member215587
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Dear Szymon,

I am confused, when we create profit center, the profit center is assigned to cost center, so if we cutback cost center only, maybe the JV info need to be assigned to profit center.

And based on the JV info derive logic from you, between the B/S account and Profit center there should be one medium to transfer the JV info, as there is no PC available in B/S account master data. What the medium will be?

Sorry for that asking so many questions.

Best regards,

Annika

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Hi Shuang,

The JV system Logic look for Recovery Indicator in the cost object first then the profit center. If you don't want to cut back the Balance Sheet, don't assign cost center just the profit center with recovery indicator non bilable. But you can assign a venture to the profit center if you wan to view Balance Sheet and P/L Report by Profit Center (New GL is active).

Regards,

Ferdinand. HS

former_member215587
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Dear Ferdinand,

JV info is a must required field in cost center if you activate the JVA module.

So no matter cutback B/S accounts or not, we should assign JV info to cost center.

And if only want to view the reports of BS and PL, you mean maintain venture to PC is that to say to maintain Joint venture in PC?  If we maintain Joint venture data, all of below 4 items need to be filled into PC.

-Joint Venture

-Recovery Indicator

-Equity Type

-JV object type

Thanks and regards,

Annika Wang

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Hi Annika,

Yes off course if you already activated JV, all the cost object and profit center should contain Joint Venture attributes. If not, you will get an error message when you posting a document. Do you create corporate venture too?

Regards,

Ferdinand

former_member215587
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Ferdinand,

Yes, we have created Corporate venture. Will it effect?

Thanks and regards,

Annika