Create Cost Adjustments

Joint venture accountants can create cost adjustments.

1. From the Home page, select Joint Venture Management, and then select Create Joint Venture Distributions from the Quick Actions list.

2. For the Processing Mode, select Create Project Costing Adjustments.

3. Complete the following required fields to identify the transaction source for which project-related distributions were generated:

   • Project Transaction Source = Oracle Fusion Joint Venture Management

     When running the process to import cost adjustments into Oracle Project Costing, a project accountant must enter this same value for the Project Transaction Source.

   • Project Transaction Document = JV Partner Reimbursements

   • Distribution Document Entry = Distribution

   • Distribution Reversal Document Entry = Distribution Reversal

   • Document Entry to Rebill Distributions = Rebill

     After cost adjustments are imported into Project Costing, you can use the preceding values for filtering purposes in the application.

4. Complete these fields as needed:

   • Business Unit. To process project-related distributions for joint ventures associated with a particular business unit, enter the business unit here.

     If you have multiple joint ventures managed under different business units, then leave this blank to process project-related distributions for all your joint ventures.

   • From Project Number.

   • To Project Number.

     You can create cost adjustments based on a range of project numbers. Or you can enter the same value in the preceding fields if you are creating adjustments for a single project.

   • Process By. Use this field to process project-related distributions by period or accounting date.

     If you select Period (recommended), then select the period in the field provided.

     If you select Accounting Date, use these fields to enter a date range:

     • From Date. If you complete this field and leave the To Date field blank, the process will select all project-related distributions that have the accounting date starting from the date you specified to the current date.

     • To Date. If you complete this field and leave the From Date field blank, the process will select all project-related distributions that have the accounting date before and on the date you specified.

       Note: Only project-related distributions for transactions posted in the specified period or within the date range will be processed.

     If you select Period or Accounting Date in the drop-down list but don’t specify a period or a date range, the process will select project-related distributions that have an accounting date corresponding with the earliest open period.

     If you leave the Process By field blank, the process will select all project-related distributions that are available for processing.

   • Expenditure from Date.

   • Expenditure to Date.

     Enter a date range in these fields to create cost adjustments on expenditure items based on an expenditure date range.

5. Click Submit.

   The process creates cost adjustments for joint venture distributions with a Project Costing Status of Available to Process. After the process completes, the Project Costing Status for the distributions changes to In Progress. In this status, cost adjustments are awaiting import into Project Costing.