SAP IS-OIL with JVA

[Former Member]

Hi,

We are implement IS-OIL Joint venture accounting in our company. We are using ERP 6.0 Enhancement Pack 4. We learned that for using IS-OIL with JVA functionality we need to activate Business Function Set IS-OIL. But there are many Business Functions in this Business Function Set. I want to khow which Business function is required to activate the IS-OIL JVA functionality.

I will be greatful if anyone could help me.

Thanks.

[manthanraja · Accepted solution]

SAP designed SAP JVA for joint venture partnerships. SAP JVA is

a component of the mySAP Oil & Gas industry solution. SAP

JVA uses functions from the components Financial Accounting

(SAP FI), Controlling (SAP CO), Asset Management (SAP AM),

Materials Management (SAP MM), Plant Maintenance (SAP PM),

and Project System (SAP PS). SAP JVA includes the following

features and benefits:

u2022 Joint Venture Data Capture captures and codes all transactions,

including vendor invoices, inventory movements and

allocations, with an option to produce balanced venture

books.

u2022 Cash Calls request cash payments from partners for future

venture operations.

u2022 Partner Billing calculates partner shares for venture expenses

and revenue, monitors partner cash calls and receivables,

and produces a partner bill containing all relevant information.

u2022 Overhead calculates different types of overhead as agreed in

the Joint Operating Agreement (JOA).

u2022 Allocations distribute billable and non-billable costs (such as

facility, payroll, and related expenses) to cost centers or projects

throughout the allocation cycle.

u2022 Multi-Currency Processing supports the multi-currency

requirements of typical venture activities.

Read the document "joint venture accounting with mySapOil and gas "

I think it will help you in deciding ... besides that why dont you refer the Release notes .. these will surely guide you ...

Hope this helps ...

Regards,

Manthan.

[Former Member]

Thank you very much release notes helps me alot.

Thanks

MFI