Perform these steps to run the process to create the initial statistical journal
entries for operational measures. After running this process, run the following processes to
complete the accounting for the journal entries:
- Create Accounting
- Update Accounting Status for Journals
If you run these processes on a schedule, you might want to leave time between the
processes to create statistical journal entries and create accounting. This gives
you a chance to review the accounting header with the statistical journal entries
before they are fully accounted. You can access the accounting header from the
operational measures in the Joint Venture Operational Measures work area.
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Select Joint Venture Management on the Home page, and then select Create Joint
Venture Invoices and Journal Entries from the Quick Actions list.
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For the Processing Mode, select Create Statistical Journal Entries for
Operational Measures.
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Complete these fields to specify the joint venture or joint ventures that
contain operational measures for which you want to create statistical journal
entries:
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Legal Entity. Use this field to create journal entries for
operational measures in joint ventures that are associated with a
particular legal entity. Leave it blank to run the process over all
your joint ventures.
Caution: The drop-down list includes
all legal entities that are associated with joint ventures; this can
include legal entities that you don't have access to. If you select
a legal entity that you don’t have access to, no records will be
processed.
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Joint Venture. Select a particular joint venture or leave this field
blank if you want the process to create journal entries for
operational measures in all your joint ventures. The process selects
only those joint ventures in Active status.
If you selected a legal entity, the drop-down list includes only the
joint ventures associated with the legal entity. Click Select
More…to select multiple joint ventures for processing.
Note: If you need to select a legal entity or
change the one you selected, you must first clear the joint venture
selections.
- Ledger. Enter a ledger in which the operational measures will be written
to. If you leave this blank, the primary ledger of the business unit
associated with the joint venture will be used.
Note:
The ledger that you enter must have been set up with accounts for storing
statistical journal entries. Subledger Accounting will also need to be
set up for the ledger.
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To process operational measures for a particular measure type, select the type
from the Measure Type list.
If left blank, operational measures of all measure types will be
selected.
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To process operational measures based on an operational state, complete these
fields:
- From Operational State
- To Operational State
Complete both fields to enter a range of operational states.
To specify a single operational state, enter the state in both the From and
To fields.
If you complete the From Operational State and not the To Operational State,
measures will be processed that are at a state greater than or equal to the
From Operational State.
Likewise, if you complete the To Operational State and not the From
Operational State, measures will be processed that are less than or equal to
the To Operational State.
This limits the creation of statistical journal entries for only operational
measures where the joint venture or joint venture and primary segment are at
the specified operational state. The process compares the measure date in
operational measures to the reported date in operational states to determine
the operational measures to create statistical journal entries for.
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If you want to process operational measures based on a reporting date, enter
the date range in these fields:
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For Accounting Date, enter a date that the system will assign as the
transaction date for the statistical journal entries in subledger accounting. If
you leave this field blank, the system date will be used.
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Click Submit.
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When the process completes, click OK in the confirmation.
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Click the log file in the Log and Output section to view the details about the
created statistical journal entries.