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