About the Life Cycle of Joint Ventures

During the life cycle of an active joint venture that's processing joint venture transactions, you can update the joint venture definition to account for changes in the joint operating agreement. For example, you might need to add or remove stakeholders, change the ownership percentage of a stakeholder, or change the status of an ownership definition so that it's no longer used.

For data integrity purposes, the Oracle Joint Venture Management prevents you from changing certain details. For example, you can't delete an ownership definition that's been used to split transactions because it contains a record of the stakeholder ownership percentages used to calculate the split.

Use the Joint Ventures work area to update an active joint venture definition. This work area also provides access to the Oracle Visual Builder spreadsheet which you can use to download, update, and upload changes to one or more joint venture definitions.

You must be a joint venture accountant or joint venture administrator to manage joint venture definitions. Based on your security setup, you might have view-only access to some joint ventures and manage access to others.