JVA

[Lartey]

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

[Former Member · Accepted solution]

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