JVA/PRA Archives - Sapsharks

Category Archives for JVA/PRA

What is SAP PRA

SAP PRA is used by companies for managing their production and revenue accounting for upstream processes.. Let’s understand what is PRA with an example. Two companies ConocoPhillips and ENI petroleum

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Overheads in Joint venture accounting-sapsharks

Overheads is a month end process in Joint Venture Accounting. To understand the master data setup and other important concepts, refer back to the joint venture accounting pageMany joint venture operators

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Post to a JV- view JV doc- GJ97N

How do we post to a JV? do we post to it directly or does the posting happen to a cost object and the JV gets updated?Let’s go through that in this post. Below is a vendor invoice. It is for a

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JVA Operated Cash call- GJ01/GJ02-SAPSHARKS

  Cash Calls Cash Calls are requests from joint venture operating partners to non-operating partners requesting payment for anticipated future capital and operating expenditures.  Posting method CCIN

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JV suspense processing GJ17-Sapsharks

Suspense processing helps in booking costs while the final equity share hasn’t been finalized or there is a dispute about something.We can suspend a wbs element, cost center, equity group, etc. All

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GJVV create a Joint Venture- Sapsharks

GJVV-Create a joint ventureA joint venture is an agreement between two or more partners. It is a subordinate of a Joint operating agreement. The JOA has to be created before the JV. A JV is assigned to

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JVA report GJLI- View JV line items-Sapsharks

GJLI- View JV line items GJLI is the go to report for Joint venture reporting. This will show you the line item details for jvs. This report shows the gross costs. Access through the menu path below or

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GJEC- Pre cutback Equity Change-Sapsharks

GJEC is used for equity adjustments prior to cutback. E.g., if there was a $100 charge to equity group 1 in January 2018 and we later created equity group 2 in which there are new partners or perhaps the

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GJ19- Equity change after cutback- for prior month

GJ19- prior period equity changeGJ19 is similar to GJEC, but GJ19 is run for equity changes for the prior period. E.g. if there was a $100 charge and the equity share was 60/25/15 and there were postings

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GJ12, GJ13 and GJ14 Billing and Invoice extract-SAPSHARKS

GJ12- Invoice extractInvoice extract is an crucial step in the month process of SAP JVA This step extracts all the invoice information of the partners. This step needs to be run after cutback as cutback

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