ICP Elimination Joint Venture

Hello All,
How to customize or achieve ICP elimination for ICP transaction happend with Joint Venture.
Example: A company which is not a JV and has intercompany transaction with company B which is JV.
A has value with B 100
B has value with A 100
JV POwn 50%
As B is JV, rollup would be 50%
When we run consolidation, only 50% of the transaction value will get eliminated. Where as from A company it is getting eliminated with full value.
also, tried in consolidation rule, if HS.Account.IsICP = True and strICP<>"[ICP None]" then PCon = 1 and calling PCon with elimination node is not working.
Can we achieve this in rule, if so, Is any way to eliminate only ICP transactions with full elimination and rest will consol proportionate.
Regards,
Raj-

Hi ,
We tried with below rule in ICP partner method which is not a JV.
vICPElimList =  .Account.List("", "ICPAccounts")                 
   For each vICPElim in vICPElimList                        
   Set MyDataUnit = .OpenDataUnit("")               
   lNumItems = MyDataUnit.GetNumItems
   For i = 0 to lNumItems-1
    Call MyDataUnit.GetItem(i, strAccount, strICP, strCustom1, strCustom2, strCustom3, strCustom4, dData)
    If strICP = "JV1" Then
     ICPPCon = HS.Node.PCon("S#Actual.Y#Cur.P#Cur.E#JV1")
     Call .Con("V#[Elimination]", -1*ICPPCon,"Elimination of JV at their values")
    End If
    If strICP = "JV2" Then
     ICPPCon = HS.Node.PCon("S#Actual.Y#Cur.P#Cur.E#JV2")
     Call .Con("V#[Elimination]", -1*ICPPCon,"Elimination of JV at their values")
    End If
   Next
   Next
Thought is that, for these ICP accounts and if ICP Partnet is JV, then call their (JV's) PCon % for consolidation. So, only that PCon % should eliminated.
But, no luck...
Is any other work around to eliminate only propotionate ICP value in other company when there is a tranaction with Joint venture.
Regards,
Raj -

Similar Messages

  • How to implement Joint Venture accounting in BPC?

    Dear Experts,
    We have a requirement of configuring Joint venture accounting for our client. Our client has a 50% JV with an entity say ‘X’.
    We are getting complete TB of the entity ‘X’ from the client, which we load into the system as LC values at NO_GRP.
    We have maintained the below given ownership structure in Ownership manager:
    And have defined following Methods and method based multipliers in the system:
    Now, while performing consolidation, the requirement is to display just 50% of the values in all the accounts for entity X, as it’s a 50% JV and eliminate the IC transactions appropriately.
    Currently, the reports are displaying 100% TB and performing 100% elimination for the IC transactions with entity ‘X’.
    We would really appreciate, if you could please guide us on how to achieve the Joint venture accounting in BPC.
    Thanks in advance.

    Hi
    Not sure if you found an answer to this, I just came accross your question while doing something else, but one thing does sprint to mind, did you configure the Cross Ownership data in the Ownership model?
    Also, are you sure your share ranges on your methods are right?  Do you want to use the proportionate method if you only have 30% ownership, for example?  Obviously I cannot comment on your specific situation, but generally Equity method is used for ownership around the 20-50 % mark.

  • Integrating Joint Venture staff in the enterprise structure - best ways?

    Hi,
    how would you integrate a new Joint Venture staff into the existing global structure of the enterpise (Personnel Admin and Talent/Development Management perspective)? What are the best practises? Joint Venture itself would be a separate Company Code ofcourse, but in the Personnel Structure itself, would you use a separate Employee Group / sub group values to determine the above mentioned population?
    Thanks for your thoughts.

    Hi there,
    Do you use the default consolidation rules or you have written your own custom rules?
    If it is custom rules then both questions can be easily fixed.
    Kind regards,
    Thanos

  • ICP Elimination rules in v11.1.2.3

    Hello Ladies and Gents, I have a question on how to write ICP elimination rules in a 6 custom dimension v11.1.2.3 application. Just to set the scene I am a 10 year plus HFM rules writer, so not someone who has just read the manual . I am currently on a project using v11.1.2.3 and against my better judgemement we are using 6 custom dimensions, What I thought was going to be a straightforward lift of existing rules I have has turned into a nightmare, namely intercompany elimination. The usual rule is to open a dataunit, identify your intercompany accounts and then reverse the IC balance into a plug account. I can get the IC balance to reverse into its original account, but it will not put the value into the plug account. The error message I get is that it doesn't recognise the custom1 dimension, the metadata custom dimension setup all ties up. My current rule is
      Call MyDataUnit.GetItemExtDim(i, vAccount, vICP, vCustom, dData)
       Dim CanEliminate
       Dim vPlug
       CanEliminate = True
       If (strComp(vICP, "[ICP None]", vbTextCompare) = 0) Then
        CanEliminate = False
       ElseIf (HS.Account.IsICP(vAccount) = False) Then
        CanEliminate = False
       ElseIf (HS.Parent.IsDescendant(HS.Parent.Member,vICP) = False) Then
        CanEliminate = False
       Else
        vPlug = HS.Account.PlugAcct(vAccount)
        If (vPlug = "") Then CanEliminate = False
       End If
       If CanEliminate Then
        dPCon = HS.Node.PCon("")
        Call HS.Con("V#[Elimination]",-1 * dPCon,"")
        Call HS.Con("V#[Elimination].C1#"&vCustom(0,1)&".A#"& vPlug,dPCon,"")
       End If
      End If
    Next
    The bolded line is the one that bombs out. I have used the new GetItemExtDim rule function. And the value that appears against vCustom(0,1) is exactly what I want it to be, but it still won't recognise it and the consolidation aborts. If I change the vPlug to vAccount then the rule runs, but that is not what I want, I need the plug account populated.
    I can't be the only one who has experienced this, What am I doing wrong??
    Paul

    Hi Paul
    I've encountered this problem once before the latest patch was applied to the environment. As far as I remember I had to pull out dimension name as well from vCustom array. So your line should go smth like this:
      Call HS.Con("V#[Elimination]." & vCustom(1,1) & "#" & vCustom(0,1) & ".A#" & vPlug,dPCon,"")
    Yet I am quite sure that nmC1 here is stored within vCustom (0,0) array cell and not (0,1). Since you say that the value of vCustom(0,1) is exactly what you want it to be, then this is probably not the case. But I would alter the line to:
      Call HS.Con("V#[Elimination]." & vCustom(1,0) & "#" & vCustom(0,0) & ".A#"& vPlug,dPCon,"")
    Hope this helps,
    Kirill

  • Activation of Joint Venture accounting for a Cocode

    Hello Friends,
    whenever there is residual  payment for an invoice, the order number in the invoice  (XREF1),  should get copied to new customer line item created for the residual amount. To achieve this requirement  business has informed us to activate T001-XJVAA = 'X'. Infact there are no activities of JVA for our client.
    Could you please inform the customization steps to activate JVA. Please give the path in SPRO. what will be the impact if we activate JVA for a co.code if there are no JVA activities.
    Thank you all in advance
    Kind Regards
    Lavanya

    check this link, may be you can get an idea
    Joint Venture Accounting documents
    regards,

  • Hi Balance sheet and P&L project wise in case of joint venture.

    Hi Gurus,
    One of my client undertakes different projects like roads, building, bridge etc. with joint venture agreement.
    Now he wants balance sheet and P&L with each project wise in case of joint venture.
    In sap which module fulfill this requirement or Project systems will fulfill this requirement or not.
    suggest me.
    Regards
    Sreenivas.P

    Hi,
    Joint Venture Accounting is used when you have atleast two partners - one is Operating and another is Not Operating. They share the risk and revenues. You can then create a JV Agreement using GJAA and Joint Venture Partners under this agreement using GJVV. Further you need to create Equity Group defining their profit sharing ratio.
    JVA could be a solution for you since here you can get a report for each JV serparately. You can also use Cutback procedure to claim expenses from the non-operating partners.
    However Project System is used for monitoring and executing projects with Budget controls and so on. You can integrate both PS and JVA for your solution.
    Regards,
    Sanjay

  • COI Joint venture

    Could some one calrify the following on the COI
    Question 1
    For jointventure consolidation, the US GAAP says to follow Equity method if the subsidiary is incorporated one. If it is not to follow proportational consolidation.
    What does it mean by ‘incorporated’. Does this means US registered company?
    If so all JV's outside US can be consolidate on the basis of proportional consolidation?
    Question 2
    Suppose A is holding 60% stock in Joint Venture B and using  proportional consolidation. I understnad reclassification function can be used for this. If so at the period end do we have to  load the periodical balance each month thru flat file. Do I have to maintain Joint Venture B as company in BCS?
    Or is there any alternative mechanism?

    Hi,
    A joint venture (JV) is an association of two or more parties formed to diversify risks, achieve operational efficiencies, and share in costs and revenues.  Sharing is proportional according to each partyu2019s interest in the venture.  Each cost object that is used to post joint venture accounting expenses must be assigned to a single joint venture.
    Please find attached link:
    http://help.sap.com/saphelp_oil472/helpdata/en/f1/9d2c3adcc8431be10000000a114084/frameset.htm
    Ashok

  • Joint Venture Associate Consolidation Translation Question

    Hi All,
    I have two problems with our Joint Venture/Associate Entities and the way they translate/consolidate in HFM which I would appreciate some input on if anyone can help:
    1. Our implementation of HFM is YTD and each period that period's ownership percentage is applied to the whole YTD balance of the P&L which doesn't account for period on period ownership changes. I believe I can overcome this by forcing HFM to think periodically with closing/opening balances and the consolidation rules but does anyone have a neat/best practice way of doing this?
    2. We have movement tables on our Balance Sheet accounts so the consolidation of the JV/Associate's P&L to the Balance Sheet for the parent works on a YTD movement basis, forming the year's closing balance which rolls forward to the opening balance in the next year. This all happens at the Node at [Proportion] and [Contribution]. I need to find a way to make sure that the consolidated amounts are at the current period's closing rate by adjusting the opening balance. I can't see a way of doing this as I don’t think there is a concept of the <Entity Currency> balance at this level.  Any thoughts on this?  I can think of some really messy roundabout ways of doing this but am again wondering if anyone has already worked this through and come up with a neat/best practice way.
    Thanks in advance for any input!

    Hi there,
    Do you use the default consolidation rules or you have written your own custom rules?
    If it is custom rules then both questions can be easily fixed.
    Kind regards,
    Thanos

  • Joint Venture Company - How to reduce to 50%?

    Hello Experts,
    I have a 50/50 Joint Venture company in ECC. I want to include only 50% of the value of it's transactions in Consolidation but have 100% of it's value in the BW Actuals and Planning Cubes that are used to load into BCS. What is the best way of reducing this to 50% - Is reclassification the correct method? If so, how? How do I set it up to reclassify for one company only?
    Thanks in advance
    Sheena

    Hi Sheena,
    Yes, the reclass is the proper method.
    There are rather much info about proprtional consolidation in the forum. Search for it.
    There are even topics in help:
    http://help.sap.com/saphelp_sem60ep1/helpdata/en/44/68e2b58157311fe10000000a155369/frameset.htm

  • Joint Venture : tables  updation for currency added to equity group

    Hi All,
    I want to know is there any table for joint Venture which would update the inception date for a particular equity group.
    Ex : For Joint Venture ovski  lets say equity group 001 has two currency NOK,USD
    Later 2 new currency are added EUR,GSB  so new equity group 002 has 4 currency....can we know the inception date for the added currency.
    Is there any table which gets updated on the inception of new currency to a particular Equity Group against that venture.
    Please do respond.
    Regards,
    Anu

    >
    anu shankari wrote:
    > Please do respond.
    >
    Please do read the rules, they have a section about demanding responses, as well as one about posting in the right forum............

  • Joint Venture Activation

    Hi Experts,
    There is a radio button in IMG to Activate Joint Venture Accounting in SAP. I need to know if we activate this it will be activated in a single client or all the clients in the server.
    Please help
    Pratiksha

    hi,
    It will activate only in one client.
    thx.
    Ganpat

  • ECC 6: Joint Venture Accounting: SMARTFORMS available?

    Hi there,
    I'm a technical consultant, so I don't no much about this module. But I have a more or less technical question about the billing forms in Joint Venture Accounting:
    We are using ECC 6 in this project, and there are still SAPscript forms customized for the billing forms. In general we are thinking about replacing all SAPscript forms by SMARTFORMS. But in JVA I didn't see a possibility to use SMARTFORMS for billing. Does anybody know if it is possible to use SMARTFORMS?
    Thanks in advance and regards,
    Martin

    Dear all,
    I am also searching for the config guides for JVA. JVA has already been activated in our system, but the blank configuration made us so confused about what we should do. I have 2 scenarios:
    - Scenario 1: 2 companies form a joint venture (each party accounts for 50%), our client wants to record the venture's transactions in SAP system.
    - Scenario 2: 2 companies sign a business cooperation contract, our client is responsible for recording all expenses and revenue and then allocate the profit to the other party.
    Could you give me any config docs or any links to SAP config guides? Your help would be much more appreciated.
    Regards,
    Yen

  • Configuring Joint Venture Accounting (JVA)

    Can anyone help me with the step by step configuration steps for JVA? I am using ECC 6.0 and we do not have any Standard SAP Delivered JVA Config. This could have helped to copy tables from client etc.
    We do not have the best practices of SAP JVA installed either. So I am doing the configuration from scratch. Do let me know if I can follow any methodology to configure the same.
    Thanks in advance.
    Lan

    Dear all,
    I am also searching for the config guides for JVA. JVA has already been activated in our system, but the blank configuration made us so confused about what we should do. I have 2 scenarios:
    - Scenario 1: 2 companies form a joint venture (each party accounts for 50%), our client wants to record the venture's transactions in SAP system.
    - Scenario 2: 2 companies sign a business cooperation contract, our client is responsible for recording all expenses and revenue and then allocate the profit to the other party.
    Could you give me any config docs or any links to SAP config guides? Your help would be much more appreciated.
    Regards,
    Yen

  • Joint Venture Accounting

    Does Oracle have any functionality similar to SAP's JVA Module to handle Joint Venture on Projects?
    example Functionalities - Cash Call -- Payments for Future Ventures , Partner Billing based on agreement, Equity Adjustments etc. Any customers successfully running a JV project on Oracle Projects?

    How joint venture projects and their accounting aspects can be handled in oracle projects and accounting modules AP, AR?
    Business Scenario is: The Project will be driven by three contractors (one of them is our company). Each of the three contractors will be dealing and transacting with the One Client. Similarly intercompany transactions could happen beween the contractors.

  • Joint venture accounting config document

    Hi All,
    We need to implement Joint venture Accounting with Flex-Re. Please provide  configuartion document for joint venture accounting if you have. Linkage to Flex-Re will of great help.
    Thanks in advance....
    regards,
    Vipin

    Hi,
    A joint venture (JV) is an association of two or more parties formed to diversify risks, achieve operational efficiencies, and share in costs and revenues.  Sharing is proportional according to each partyu2019s interest in the venture.  Each cost object that is used to post joint venture accounting expenses must be assigned to a single joint venture.
    Please find attached link:
    http://help.sap.com/saphelp_oil472/helpdata/en/f1/9d2c3adcc8431be10000000a114084/frameset.htm
    Ashok

Maybe you are looking for