Financial Reporting by Joint Venture Stakeholder

Use the reporting tools in Oracle Fusion Cloud Financials to generate financial reports for joint venture stakeholders. This enables you to provide joint venture stakeholders with a full, accurate, and complete accounting of balances in all accounts for a joint venture. For example, you can create a balance sheet of a stakeholder’s share of a joint venture so that the stakeholder can update their accounting books to show their share of cash in a joint venture.

The source of financial data for these reports are all transactions for the joint venture as well as transactions generated by Joint Venture Management, such as overhead transactions and manual transactions. When processed by Joint Venture Management, invoices and internal transfer journals generated from the distribution of transactions are accounted in the general ledger. In this state, you can’t use the reporting tools in Oracle Financials to create financial reports for stakeholders because the account combination doesn’t include a stakeholder identifier. Therefore, you must process these transactions through Joint Venture Management to create stakeholder reporting journals, which include a stakeholder identifier in the account combination. You can then post the journals to a stakeholder reporting ledger in the general ledger so that you can use the reporting tools in Oracle Financials to generate financial reports by stakeholder.

For more information about the reporting tools in Oracle Financials, see Financial Reporting Solutions.