Overview of Joint Venture Account Sets

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

• Joint venture definitions

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

  Caution: If you don’t include an account set for identifying billable asset accounts, all asset accounts in a distributable account set will be treated as distributable, whether they're billable or nonbillable.

• 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.

• Partner contributions

  Use an account set in a partner contribution to reserve the partner contribution for costs associated with one or more accounts.