Using a Single Account Set for Multiple Joint Ventures and Other Setup Considerations

You can create an account set for use in a single joint venture or multiple joint ventures. Here are the setup options for each scenario:

• For use in a single joint venture, you specify a joint venture and the ledger associated with the joint venture.

  In this scenario, the primary segment value or values specified in the joint venture definition are automatically included as filter criteria for identifying distributable accounts.

• For use in multiple joint ventures, you specify a ledger without specifying a joint venture.

  In this scenario, you can identify the same category 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 distributable accounts, Oracle Joint Venture Management uses account combinations assembled from the primary segment values in each joint venture definition and the accounts identified in the account set.

If you specify a joint venture in an account set, you have the option to select a ledger that’s different than the joint venture’s ledger. This is useful, for example, when setting up an account set for an overhead method—if you record costs related to accounting, maintenance, or other general business operations in a different ledger than the one used by the joint venture.

If you manage multiple joint ventures under the same legal entity, make sure to select the Validate Primary Segment values option in the account set. This helps to ensure that only primary segment values matching those defined in the joint venture are allowed.