1. Using Joint Venture Management
  2. Identify Joint Venture Transactions

Identify Joint Venture Transactions

Run the process to identify transactions for one or more joint ventures in Oracle Fusion Cloud Financials. The process identifies transactions using the information in the joint venture definitions. Transactions from a secondary or reporting ledger, or from account types other than Assets, Expense, and Revenue will be set as "Distribution Only,” which means that they will be distributed but not billed.

Follow these steps if you're processing joint venture definitions set up with default ownership definitions and NOT ownership definition assignment rules. If you set up ownership definition assignment rules, see Apply Ownership Definition Assignment Rules to Joint Venture Transactions.

  1. From the Home page, select Joint Venture Management, and then from the Quick Actions list, select Identify Joint Venture Transactions.
    Note: If there isn't a Quick Actions list, ask your application implementation consultant to change the home page to the "News feed" theme to display it. See Overview of Configuring Themes and Home Page Settings for more information. Otherwise, you can use Scheduled Processes to search for and run the Identify Joint Venture Transactions process.

  2. For the Processing Mode, select Identify Joint Venture Transactions. This is the default.

  3. Use the following fields to determine the transactions to process, or leave them blank if you want to process transactions for all your joint ventures:

    • Legal Entity. Use this field to identify transactions for joint ventures that are associated with a particular legal entity.

      Caution: The drop-down list includes all legal entities that are associated with joint ventures; this can include legal entities that you don't have access to. If you select a legal entity that you don’t have access to, no records will be processed.

    • Joint Venture. Select a particular joint venture or click Select More to select multiple joint ventures. If you selected a legal entity, the drop-down list includes only the joint ventures associated with the legal entity.

      Only joint ventures in Active status will be processed.

  4. Use the Ledger field only if you want the process to identify transactions in a ledger other than the primary ledger of the joint venture. If you leave it blank, the primary ledger associated with the business unit of the joint venture will be used.

    Note: Transactions identified from a ledger other than the primary ledger of the joint venture, such as a secondary or reporting ledger, are available for distribution. The transactions are in Available to Process status and are set to Distribution Only. Distributions generated from these transactions aren't available for invoicing or journal entries.

  5. Select a period to identify transactions for a particular period. If you leave this blank, the earliest open period for the ledger will be used.

  6. Specify the source of the transactions that you want the process to identify: Subledger and General Ledger or Joint Venture Source Transactions.

    Note: The Process Ownership Definition Assignment Rules and Bypass Default Ownership Definition Assignment options apply only to processing ownership definition assignment rules.

  7. Click Submit.

    After the process completes, you can review the processing details in a report. To access the report, click the Process Details tab, select the “…more” link next to Attachment, and then click the .txt file.