Create an Account Set for an Ownership Definition Assignment Rule

Create an account set for an ownership definition assignment rule to identify the transactions to which you want to assign an ownership definition or direct billed stakeholder.

In an account set for an ownership definition assignment rule, you have the following options for the setup:

• Select a joint venture and the ledger associated with the joint venture.

  This enables you to set up an account set to use with a specific joint venture. In this scenario, the primary segment values that you specified in the joint venture are appended automatically to the filter criteria.

• Select a ledger without specifying a joint venture.

  This enables you to associate the same account set to more than one assignment rule. In this scenario, you can set up an account set to identify the same categories of accounts that exist under different primary segments. Remember that the primary segment values identified in a joint venture definition are unique to the joint venture. To identify accounts to apply the assignment rule to, Oracle Joint Venture Management uses account combinations built from the primary segment values in each joint venture definition and the accounts identified in the account set. This helps ensure that the transactions identified for processing by Joint Venture Management are specific to a particular joint venture.

After you set up the account set, you need to activate it and assign it to the ownership definition assignment rule.

To create an account set for an ownership definition assignment rule:

1. Navigate to Setup and Maintenance and select the Joint Venture Management functional area under the Financials offering.
2. Select the Manage Joint Venture Account Sets task.
3. On Account Sets, click Add.

   Or click Manage in Excel and use the spreadsheet to add multiple account sets. The spreadsheet contains instructions on how to complete the columns, which reflect the fields in the user interface and include a list of values for fields when applicable.

4. On New Account Set, enter a name and description for the account set.

5. Select a ledger using one of these options:

   • Specify a joint venture and then click the “Use Joint Venture Ledger” checkbox to automatically select the ledger of the joint venture.

     After you click Save, the name of the ledger is displayed in the Default Ledger field.

   • Specify a ledger without specifying a joint venture.

     When you assign this type of account set to an ownership definition assignment rule, the COA for the ledger specified here must match the COA for the primary ledger of the joint venture associated with the ownership definition assignment rule.

   Ignore the “Include Primary Segment Values” option. This option is applicable only to setting up an account set for an overhead method.

6. Click Save and then proceed to add filter sets to the account set.
7. Add filter sets and filters to the account set:
   1. In the Filter Sets area of the account set, click Add to add a filter set.
   2. Enter a name and description for the filter set.
      Note: Avoid using the same name for a filter set in more than one account set. Try to make the filter set names unique in each account set.
   3. Click Add Filter and then enter the following details for the filter:
      • Segment. Select from a list of segments in the ledger.
      • Operator. Select Is, Is Not, or Between.
      • Enter a value or a range of values according to the selected operator.
   4. Add additional filters as needed.
   5. Click Save.
   6. Continue to add additional filter sets and filters as necessary.
8. When complete, click Submit to save and exit the page. Or you can click Submit and Next to create another account set.