About the Oracle Joint Venture Management Integration with Oracle Project Costing Setup

An integration with Project Costing enables you to:

• Schedule processes that create cost adjustments from joint venture distributions and import the cost adjustments into Project Costing.

  In Project Costing, imported cost adjustments are netted from the gross amount, enabling the project accountant to realize the accurate capitalized cost. See Create and Send Cost Adjustments to Oracle Project Costing for more information.

• Override task and expenditure type values in cost adjustments sent to Project Costing.

  These overrides give project accountants flexibility on how to create their budgets and forecasts in Oracle Project Management Cloud. See Set Up Overrides for Task and Expenditure Type in Cost Adjustments for more information.

• Set up joint ventures to identify transactions for distribution based on specific projects.

  Caution: This pertains only to capital asset projects and expense-only projects defined in Project Management. Identifying transactions associated with contract projects for distribution in Joint Venture Management might result in overbilling.

  See Identify Distributable Transactions by Project Values for more information.

To set up the integration, complete the following tasks:

• Opt In to Features Required for the Integration with Project Costing

• Prevent the Identification and Distribution of Transactions Related to Capitalization of Fixed Assets

• Set Up a Transaction Source for Identifying Cost Adjustments from Oracle Joint Venture Management

• Set Up Supporting References to Capture Project Details in Subledger Accounting Journals

• Specify the Supporting References with Project Details in the Joint Venture System Options

• Verify Setup of Partner Accounts for Proper Processing of Cost Adjustments

Note: To import cost adjustments into Project Costing, the originating transactions must have an expenditure type with the "Miscellaneous Transaction" expenditure type class. For more information, see Expenditure Categories and Types.