Distribution Reversal Methods

Oracle Joint Venture Management provides different methods that you can use to reverse joint venture distributions. The following table describes the reversal methods and the scenarios in which you would use each method.

Reversal Method	Scenario
Reverse Distributions Due to a Retroactive Change in Ownership	A renegotiation of joint venture ownership requires the reversal of distributed costs and revenue and the redistribution of associated transactions. This method entails updating the effective dates of the ownership definition to exclude transactions whose distributions need to be reversed. You then create a new ownership definition with the revised ownership details and effective dates that cover those transactions. The new ownership definition is used to generate redistributions. You can then run the adjustments process, which uses the ownership definitions to reverse distributions and redistribute associated transactions.
Reverse Distributions to Correct Ownership Details	Transactions were distributed incorrectly due to incorrect ownership details, such as: Incorrect stakeholder percentages Missing or incorrect stakeholders This requires the reversal of all distributions associated with the ownership definition. This method enables you to correct the ownership details directly in the ownership definition. You can then run the adjustments process, which uses the ownership definition to reverse all the distributions and redistribute transactions without requiring a new ownership definition.
Manually Identify Distributions for Reversal	A stakeholder disputes a small number of distributions related to a particular cost, and the issue isn’t related to a setup issue within the joint venture definition. This method enables you to mark a select number of distributions for reversal in the Joint Venture Distributions work area. You can then run the adjustment process to reverse the selected distributions and create reassignment distributions for reassigning to a different stakeholder.
Perform a Mass Reversal of Distributions	Transactions were processed incorrectly due to a setup issue in the joint venture definition, such as: An incorrect ownership definition was assigned to the transactions Invoicing partner was set up incorrectly The stakeholder was set up incorrectly Incorrect identification of distributable accounts or project information resulting in the distribution of the wrong transactions You run the adjustment process to select transactions that were processed in error and reverse their associated distributions. You can then correct the setup issue and process the impacted transactions again.

For detailed examples of processing reversals using these reversal methods, see Distribution Reversal Examples.

Note: To reverse distributions generated by a carried interest ownership definition, you can't use the mass reversal method nor the method to correct ownership details. For information on how to use the other reversal methods to reverse these types of distributions, see Reverse Distributions Generated by a Carried Interest Agreement.

You must be a joint venture accountant to perform reversals.