Reverse Cost Adjustments in Oracle Project Costing for Reversed Distributions

When you reverse distributions that have associated cost adjustment information, you must also reverse the cost adjustments in Oracle Project Costing.

Note: This is only applicable if you have an Oracle Joint Venture Management integration with Project Costing and you’ve set up the joint venture to create cost adjustments in Project Costing for each stakeholder’s distributed costs. See About Creating and Sending Cost Adjustments to Oracle Project Costing for more information.

Reversed distributions have the initial Project Costing status of Awaiting Accounting. After you create credit memos and account them in Joint Venture Management, the Project Costing status of the reversed distributions updates to Available to Process, and the distribution status to Process Complete. You then process the reversed distributions to negate the cost adjustments in Project Costing.

The following table describes the processes that you must run to reverse cost adjustments in Project Costing.

Process	Description	Link to Steps
Create Joint Venture Distributions - Create Project Costing Adjustments	A joint venture accountant runs this process to send the reversed distributions to a staging table.	Create Cost Adjustments
Import Costs	A project accountant runs this process to reverse cost adjustments in Project Costing using the information from the reversed distributions. The reverse cost adjustments cancel out the original cost adjustments.	Import Cost Adjustments into Oracle Project Costing
Create Joint Venture Distributions – Update Project Costing Status	A joint venture accountant runs this process to change the Project Costing status for the reversed distributions to Process Complete after reversed cost adjustments are created in Project Costing.	Update Oracle Project Costing Status to "Process complete" for Processed Distributions