A joint venture (JV) is an association of two or more parties formed to diversify risks, achieve operational efficiencies, and share in costs and revenues. Sharing is proportional according to each partyu2019s interest in the venture. Each cost object that is used to post joint venture accounting expenses must be assigned to a single joint venture.
This is related with IS Oil - PRA configuration normally called as 'JVA' mostly related to SAP FICO and not with MM as far as I know. Please find further information in the link below:
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