Apply Ownership Definition Assignment Rules to Joint Venture Transactions

The Identify Joint Venture Transactions process includes options for processing ownership definition assignment rules for a joint venture. You can set up this process to perform the following tasks:

• Identify joint venture transactions and apply assignment rules in the same process run.
• Apply assignment rules only. This option applies assignment rules to transactions identified in a prior run of the Identify Joint Venture Transactions process.

You also have the option to use both ownership definition assignment rules and a default ownership definition set up for a joint venture. This enables you to apply the default ownership definition to any transactions that aren't assigned an ownership definition or direct billed stakeholder through an assignment rule.

In the Joint Venture Transactions work area, joint venture transactions processed with assignment rules include the following details:

• The ownership definition or direct billed stakeholder assigned to the transaction through the assignment rule.
• The name of the assignment rule applied to the transaction.