Before You Create Joint Venture Definitions

In the Joint Venture System Options, a joint venture application administrator must specify the label of the segment in the Oracle Financials chart of accounts where transactions for all your joint ventures are managed.

This segment label is referred to as the primary segment label in the Joint Venture System Options. By default, Oracle Joint Venture Management uses the segment associated with the Cost Center Segment label. If transactions for your joint ventures are managed under a segment with a different segment label, you need to enter the name of the segment label in the Joint Venture System Options.

A joint venture definition uses account combinations made up of values from the primary segment and other segments to identify the accounts in Oracle Financials that contain the transactions for a joint venture.

Caution: It’s difficult to change the primary segment label after joint venture definitions have been created. You would first need to remove the identification of accounts from existing joint venture definitions. After changing the primary segment label, you would then need to update each joint venture definition with account combinations that use the values from the updated primary segment label.

To identify the primary segment:

1. Navigate to Setup and Maintenance and select the Joint Venture Management functional area under the Financials offering.

2. Click the Manage Joint Venture System Options task.

3. In the Joint Venture System Options work area, enter the label for the primary segment in the Primary Segment Label field. If left blank, the Cost Center Segment label will be used.

   You must enter the name of the label exactly as it appears in the Segment Labels list in the Oracle Financials application for setting up your chart of accounts. See Create a Chart of Accounts Structure and Instance for information on how to look up the list of segment labels for your chart of accounts.

4. Click Save.