Scribd
Upload
207 views7 pages

Industry: Joint Venture Accounting For The Oil & Gas

JVA00E Joint Venture Accounting for the Oil & Gas Industry Content • Module 1: Manage JV Activation, Structuring, and Ledger Definition • Module 2: Manage JVA Master Data • Module 3: Maintain Banks, Exchanges and Currencies • Module 4: Manage Cash Calls • Module 5: Manage Assets in JVA • Module 6: Manage JV Period End Closing • Module 7: Manage Billing • Module 8: Manage Reporting • Module 9: Manage JVA Integration with MM and Other JV Postings • Module 10: Month End Processing Content • JVA01e: Joint Venture Accounting overview • JVA02e: Maintain JVA Master Data overview • JVA03e: Cash Calls overview • JVA04e: Asset Accounting for JVA • JVA05e: Period End Processes overview • JVA06e: Overview of Reporting in JVA   JVA01E Joint Venture Accounting Overview • Goals • Explain the features of JVA. • Describe the integration of JVA with other SAP processes. • List the basic processes in JVA. • Explain the processes performed periodically in JVA. • Content • Stages in the Oil and Gas Upstream Industry • Challenges in the Oil and Gas Upstream Industry • Joint Venture Overview • Composition of a Joint Venture • Joint Ventures: Important Statistics • Phases in a JV • Differences between Joint Ventures and Partnerships • Types of Joint Ventures • Purpose of SAP JVA • Characteristics of JVA • How JVA is embedded in the SAP Structure • Master Data of JVA • Joint Venture Coding for Cost Objects • Joint Venture Coding for Assets • Joint Venture Coding for Material Module • Joint Venture Coding for Plant Maintenance Orders • Joint Venture Coding for WBS Elements • Processes in SAP JVA: Overview • Periodic Processes in SAP JVA • Cash Call • Foreign Currency Valuation • Allocations • Allocations: Assessments/Distributions • Parent Company Overhead • Suspense Processing • Equity Adjustments • Cutback • Billing • Billing: Company Code/Year End Balance • VBA Switching • Partner Netting • Convenience Netting • Further Procedures in SAP JVA SAP General Activities  

Uploaded by

Don Don
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
207 views7 pages

Industry: Joint Venture Accounting For The Oil & Gas

JVA00E Joint Venture Accounting for the Oil & Gas Industry Content • Module 1: Manage JV Activation, Structuring, and Ledger Definition • Module 2: Manage JVA Master Data • Module 3: Maintain Banks, Exchanges and Currencies • Module 4: Manage Cash Calls • Module 5: Manage Assets in JVA • Module 6: Manage JV Period End Closing • Module 7: Manage Billing • Module 8: Manage Reporting • Module 9: Manage JVA Integration with MM and Other JV Postings • Module 10: Month End Processing Content • JVA01e: Joint Venture Accounting overview • JVA02e: Maintain JVA Master Data overview • JVA03e: Cash Calls overview • JVA04e: Asset Accounting for JVA • JVA05e: Period End Processes overview • JVA06e: Overview of Reporting in JVA   JVA01E Joint Venture Accounting Overview • Goals • Explain the features of JVA. • Describe the integration of JVA with other SAP processes. • List the basic processes in JVA. • Explain the processes performed periodically in JVA. • Content • Stages in the Oil and Gas Upstream Industry • Challenges in the Oil and Gas Upstream Industry • Joint Venture Overview • Composition of a Joint Venture • Joint Ventures: Important Statistics • Phases in a JV • Differences between Joint Ventures and Partnerships • Types of Joint Ventures • Purpose of SAP JVA • Characteristics of JVA • How JVA is embedded in the SAP Structure • Master Data of JVA • Joint Venture Coding for Cost Objects • Joint Venture Coding for Assets • Joint Venture Coding for Material Module • Joint Venture Coding for Plant Maintenance Orders • Joint Venture Coding for WBS Elements • Processes in SAP JVA: Overview • Periodic Processes in SAP JVA • Cash Call • Foreign Currency Valuation • Allocations • Allocations: Assessments/Distributions • Parent Company Overhead • Suspense Processing • Equity Adjustments • Cutback • Billing • Billing: Company Code/Year End Balance • VBA Switching • Partner Netting • Convenience Netting • Further Procedures in SAP JVA SAP General Activities  

Uploaded by

Don Don
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 7

JVA00E

Joint Venture Accounting for the Oil & Gas


Industry
Content
 Module 1: Manage JV Activation, Structuring, and Ledger Definition
 Module 2: Manage JVA Master Data
 Module 3: Maintain Banks, Exchanges and Currencies
 Module 4: Manage Cash Calls
 Module 5: Manage Assets in JVA
 Module 6: Manage JV Period End Closing
 Module 7: Manage Billing
 Module 8: Manage Reporting
 Module 9: Manage JVA Integration with MM and Other JV Postings
 Module 10: Month End Processing

Content
 JVA01e: Joint Venture Accounting overview
 JVA02e: Maintain JVA Master Data overview
 JVA03e: Cash Calls overview
 JVA04e: Asset Accounting for JVA
 JVA05e: Period End Processes overview
 JVA06e: Overview of Reporting in JVA
JVA01E

Joint Venture Accounting Overview


 Goals
 Explain the features of JVA.
 Describe the integration of JVA with other SAP processes.
 List the basic processes in JVA.
 Explain the processes performed periodically in JVA.

 Content
 Stages in the Oil and Gas Upstream Industry
 Challenges in the Oil and Gas Upstream Industry
 Joint Venture Overview
 Composition of a Joint Venture
 Joint Ventures: Important Statistics
 Phases in a JV
 Differences between Joint Ventures and Partnerships
 Types of Joint Ventures
 Purpose of SAP JVA
 Characteristics of JVA
 How JVA is embedded in the SAP Structure
 Master Data of JVA
 Joint Venture Coding for Cost Objects
 Joint Venture Coding for Assets
 Joint Venture Coding for Material Module
 Joint Venture Coding for Plant Maintenance Orders
 Joint Venture Coding for WBS Elements
 Processes in SAP JVA: Overview
 Periodic Processes in SAP JVA
 Cash Call
 Foreign Currency Valuation
 Allocations
 Allocations: Assessments/Distributions
 Parent Company Overhead
 Suspense Processing
 Equity Adjustments
 Cutback
 Billing
 Billing: Company Code/Year End Balance
 VBA Switching
 Partner Netting
 Convenience Netting
 Further Procedures in SAP
 SAP General Activities
 Course Assessment
JVA02E

Maintain Joint Venture Master Data Overview


Goals

 Describe the elements that constitute master data in JVA.


 Explain the key steps for updating the elements of master data in JVA.

 Content
 Introduction to Joint Venture Accounting
 What is Joint Venture?
 What is Joint Venture Accounting?
 JVA Structure
 The SAP JVA Solution
 Master Data: Business Need
 JVA Master Data
 JVA Master Data: High-Level Overview
 JVA Master Data: Joint Operating Agreement Overview
 JVA Master Data: Joint Venture Overview
 JVA Master Data: Joint Venture Partner Overview
 JVA Master Data: Equity Group Overview
 Equity Group and Equity Type Relationship
 JVA Master Data: Equity Type Overview
 JVA Master Data: Cost Objects Overview
 JIB/JIBE Class
 Recovery Indicators
 Recovery Indicator Derivation
 Funding Currency and Funding Group
 Course Assessment
JVA03E

Cash Calls Overview


Goals
 Define Cash Calls.
 Explain the types of cash calls.
 List the methods of posting cash calls.

Content
 Cash Calls: Business Need
 Operated Venture Cash Call Overview
 Cash Call Processing Activities
 Characteristics of Cash Calls
 Cash Call Estimation
 Post Cash Call
 Post Cash Calls in Vendor Accounts
 Post a Net Cash Call
 Cash Call Posting Scheme
 Post a Gross Cash Call
 Review and Send the Cash Call Statement
 Receive a Notification
 Post an Incoming Payment
 Intercompany Cash Calls
 Intercompany Cash Call in SAP
 Master Data Mapping for Intercompany Cash Calls
 Receive and Review Non-Operated Venture Cash Calls
 Recording a Non-operated Venture Cash Call
 Assignments in Posting Cash Calls
 Post Non-operated Venture Cash Calls
 Post a Non-operated Venture Cash Call in SAP
 Approve a Non-operated Venture Cash Call
 Non-operated Venture Cash Call Payment
 Course Assessment
JVA04E

Asset Accounting for Joint Venture Overview


Goals
 Explain the integration of JVA and fixed assets.

 List the ways to handle assets in JVA.

Content
 Asset Accounting Overview: Business Need

 Asset Accounting in JVA

 Corporate Owned Assets (Scenario 1)

 Partner Billing

 Corporate Owned Assets (Scenario 2)

 Billing the Venture and Partner

 Venture Owned Assets

 Partner Billing

 Course Assessment

Goals
 Explain the integration of JVA and fixed assets.

 List the ways to handle assets in JVA.


JVAOE5
Period and Processing Overview
Goals
 Describe how overheads are calculated and posted.
 Explain the cutback process.
 Explain equity adjustments.
 Explain the different vetting processes.
 Describe the JVA billing program.
 Identify the different levels of suspense in JVA.
 Explain the types of venture bank account (VBA) switching.
 Describe the farm in/out and redetermination process.

Content
 Overheads Overview
 Types of Overheads
 Cutback Overview
 Cutback Reconciliation Overview
 Run cutback
 Remaining Cutback Report
 Equity Adjustment Overview
 Manage Equity Adjustments
 Pre-Cutback Equity Change
 Prior Period Equity Change
 Partner Netting Overview
 Partner Netting Process
 Convenience Netting Overview
 Convenience Netting vs. Partner Netting
 Convenience Netting Process
 Partner Carried Interest Overview
 CI Partners
 NPI Partners
 CI and NPI Nettings
 Venture Billing Overview
 Operated Venture Billing Overview
 Non-Operated Venture Billing Overview
 Process Partner Suspense Overview
 VBA Switching Overview
 VBA Switching Process
 VBA Switching Types
 Farm In/Out and Redetermination Overview
 Farm In/Out and Redetermination process in JVA
 Prerequisites for Farm In/Out and Redetermination
 Course Assessment
JVA06E

Reporting Overview
 Goals
 Describe the key reports available in SAP JVA.

Content
 Joint Venture Reporting Overview
 Reporting – Business Need
 Purpose of JVA Reporting
 Reports Available in SAP JVA
 Master Data Reports
 Document Reports
 Line Items: Summary Ledger Line Item Report
 Line Items: Billing Ledger Line Item Report
 Summary Ledger
 Billing Ledger
 Billing Extracts
 Joint Audit Data Exchange (JADE) Report
 Course Assessment

You might also like