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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?



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    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


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