Skip to Content

JVA

Hi Experts,

Can Joint Venture Accounting (JVA) be configured and used with standard ERP - S4HANA or ECC 6.0 or SoH? Do we need to necessarily buy IS-Oil to use the JVA function for players in the upstream sector of the Oil and Gas industry?

Regards

John

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Dec 14, 2015 at 03:00 AM

    Hi John,

    SAP Joint Venture Accounting (JVA) is part of Industry Solution : IS-Oil.


    As of SAP ERP 6.0 enhancement package 6 the business function JVA, Integration with New General Ledger Accounting is available.


    As far as SAP JVA with S/4 HANA Finance is concerned, probably that can be said from two ways:


    • In case of Classical JVA the standard migration of G/L & CO data to the Universal Journal Entry with the JVA Characteristics.Also it was the case of split logic in Joint Venture Ledger by Integration Manager.

    Separate closing is required for G/L and in Joint Venture.

    So far as Enhanced JVA is concerned:

    • Controlling, Profit & Loss and Balance Sheet by JVA Characteristics in Universal Journal Entry is available.
    • It is possible to reconcile Joint Venture Accounting (Ledger 4A, Talbe - JVSO1) and Universal Journal Entry (Table - ACDOCA).
    • JVA specific operations integrated with FI.

    If we talk about JVA integration with Fixed Asset, separate Asset History Sheet for Venture owned assets and operators share are possible from S/4 Hana Simple finance point of view.

    Thanks & Regards

    Subhasish

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.