Sap Joint Venture Accounting Configuration Guide 2021

The first step in configuring SAP JVA is to define joint venture types. This involves creating a new joint venture type in the system, which will be used to classify joint ventures based on their characteristics. To define a joint venture type, follow these steps:

| Report | T-code | Purpose | |--------|--------|---------| | JV Partner Balance | GJ60 | Show partner receivables/payables | | JV Equity Change Report | GJ65 | Equity % changes history | | Cutback Log | GJ7BLOG | Detail cutback calculations | | JV Billing Register | GJV6LIST | Summary of invoices issued | | JV Production Volume Report | GJV8 | For production-sharing contracts | sap joint venture accounting configuration guide

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Configure the "Billing Layout" (transaction GJB1 ) to meet industry standards like PAS (Petroleum Accountants Society) or customized joint interest billings (JIB). The first step in configuring SAP JVA is

| Indicator | Meaning | JVA Action | |-----------|---------|-------------| | 01 | Billable to partners | Included in cutback and billing | | 02 | Non-recoverable (operator only) | Excluded from cutback | | 03 | Billable up to ceiling amount | Partially recoverable | | 04 | Capitalized asset cost | Recovered over depreciation | | Indicator | Meaning | JVA Action |