About Joint Venture System Options

As part of the Oracle Joint Venture Management setup, a joint venture application administrator must configure Joint Venture system options. These system options enable the proper identification and processing of transactions in Oracle Fusion Cloud Financials for your joint ventures.

Each set of Joint Venture system options is part of larger configuration task. The following table describes the purpose of each set of system options and provides links to instructions on how to configure each set:

System Option	Purpose	More Information
Primary segment	This system option identifies the primary segment label that's used to manage transactions for all your joint ventures.	See Before You Create Joint Venture Definitions.
Transaction date references (and Transaction date defaults)	These system options are used to identify the sources of the transaction date in subledger accounting and general ledger transactions, which is an optional configuration. Before you configure these system options, you must set up Oracle Financials to capture the transaction date in subledger accounting and general ledger journals.	See About Identifying a Transaction Date for Processing Joint Venture Transactions.
Joint interest billing report	These system options are used to specify the email subject and email message body for joint interest billing reports delivered through email.	See Set Up Email Information to Deliver Joint Interest Billing Reports.
Carried interest	This option enables you to create carried interest agreements to track the costs and revenue that a joint venture partner is carrying for another partner in a joint venture.	See About Carried Interest Agreements and the Tracking of Carried Interest.

The following table describes the system options that are applicable only to a Joint Venture Management integration with Oracle Project Costing:

System Option	Purpose	More Information
Project references	These system options are used to capture project information in subledger accounting journals. This enables Joint Venture Management to identify project-related transactions and display the project details in the Joint Venture Transactions and Distributions work areas. This set of system options also includes an option to exclude project related transactions identified as “not distributable” from being processed by Joint Venture Management.	See: Set Up Supporting References to Capture Project Details in Subledger Accounting Journals Specify the Supporting References with Project Details in the Joint Venture System Options Exclude Nondistributable Project-Related Transactions from Displaying in Joint Venture Management
Project overrides	These system options enable you to set up overrides for the task and expenditure type in all cost adjustments sent to Project Costing. This enables project accountants to budget and forecast on net costs, gross costs, or both. They can use this information to correctly calculate the capitalizable amount.	See Set Up Overrides for Task and Expenditure Type in Cost Adjustments.
Project descriptive flexfield association	This system option is visible only if you are setting up Joint Venture Management to display project values by joint venture. This optional configuration makes it easier for users to select a project value when setting up distributable project values and ownership definition assignment rules.	See Set Up Oracle Joint Venture Management to Display Project Values by Joint Venture.

System Option

Purpose

More Information

Project references

These system options are used to capture project information in subledger accounting journals. This enables Joint Venture Management to identify project-related transactions and display the project details in the Joint Venture Transactions and Distributions work areas.

This set of system options also includes an option to exclude project related transactions identified as “not distributable” from being processed by Joint Venture Management.

See:

Project overrides

These system options enable you to set up overrides for the task and expenditure type in all cost adjustments sent to Project Costing. This enables project accountants to budget and forecast on net costs, gross costs, or both. They can use this information to correctly calculate the capitalizable amount.

See Set Up Overrides for Task and Expenditure Type in Cost Adjustments.

Project descriptive flexfield association

This system option is visible only if you are setting up Joint Venture Management to display project values by joint venture. This optional configuration makes it easier for users to select a project value when setting up distributable project values and ownership definition assignment rules.

See Set Up Oracle Joint Venture Management to Display Project Values by Joint Venture.