Manage Operational Measures and Statistical Journal Entries

In the Joint Venture Operational Measures work area, you can add, reverse, or delete operational measures.

Joint venture accountants can add, delete, and reverse operational measures. Joint venture accounting managers can only view operational measures.

If you are creating statistical journal entries for operational measures, you can access details about the entries from the Operational Measures work area. If entries were created in error, you can reverse the operational measures and then run the process to create statistical journal entries again to process the reversal.

In the work area, you can view the status of operational measures, which indicates if an operational measure is available for processing or has been processed. You can also place an operational measure on hold or create user-defined statuses to apply to operational measures according to your business needs.

In addition to the status, an operational measure includes a line type. The line type is used to track operational measures for which reversal records have been created to reverse the original value in an operational measure. The line types include:

Line Type	Description
Original	The default line type of an operational measure. This line type is used for operational measures that have not been reversed.
Reversed	The line type of a new record created for the reversal of an original operational measure. For auditing purposes, a separate record is created for the reversal to show the reversed value.
Canceled	The line type in the original operational measure record changes from Original to Canceled after the process to reverse the operational measure is complete.

The status and line type of an operational measure determine which actions you can perform on an operational measure. Oracle Joint Venture Management prevents you from performing actions that aren’t allowed due to the status or line type. See the applicable topics on how to change the status of an operational measure, delete an operational measure, and reverse an operational measure, for more information.