Overview of Joint Venture Account Sets

A joint venture account set contains the criteria for identifying transactions for processing in Oracle Joint Venture Management. You can create an account set to assign to the following items:

• Joint venture definitions

  Use account sets in a joint venture definition to identify the transactions that you want to process for a joint venture. You can create account sets that identify distributable accounts, distribution only accounts, and billable asset accounts.

• Ownership definition assignment rules

  Use an account set in an ownership definition assignment rule to assign an ownership definition or direct billed stakeholder to transactions in a specific account or set of accounts identified as distributable for a joint venture.

• Overhead methods

  Use an account set in an overhead method to identify transactions to use in the calculation of overhead. You can assign an account set to an overhead method that uses General Ledger and subledger transactions as the basis for calculating overhead.

You create account sets in the Joint Venture Account Sets application. The application also enables you to use a Microsoft Excel spreadsheet to create multiple account sets and upload them all at once from the spreadsheet to the work area.

Joint venture accountants and joint venture application administrators can create and manage account sets.