Exercises

Unit: JVA Basics

Topic: Master Data
At the conclusion of these exercises, you will be able to:
Review joint venture master data
Create joint venture master data
Create integrated master data
Throughout all of the exercises, <## re!resents your grou!
number"
#"# Review joint venture master data"
Review master data in com!any codes $%&# and $%&', using master
data transactions and standard re!orts"
#(#(# )is!lay the joint venture !artners for com!any code $%&#"
#(#(' Review the joint o!erating agreements for com!any code $%&#"
That is, dis!lay the detailed information of the joint o!erating agreements
including the *+A hierarchy gra!hic and the *+A master data"
#(#(, Review the joint ventures for com!any code $%&#"
That is, dis!lay the detailed information of the joint ventures including the
joint venture master data"
#(' Create joint venture master data"
#('(# Create a *- !artner"
Com!any $%&# has ac.uired a number of new ventures" They will now
share costs with some new !artners for the first time" /ou must set u! the
master records for these new !artners so that they can be billed"
Create a customer record with the following data:
Account grou!: JV Partner
Customer: JV##01
Com!any code: GBU1
Title: Company
0ame: JV Partner Grop ## Domestic
1earch term #: JVA
1earch term ': ##
1treet address: </our choice
Country: GB
2ndustry: !"#U 3&!stream +il 4 $as5
-AT reg" no: GB1$%&'(##
Recon" account: 1&)000 3Reconciliation account for *- !artners5
1ort 6ey: 0'' 37iscal year 4 month5
Terms of !ayment: 0001 32mmediate !ayment5
8ayment methods: CDEV 3All methods a!!licable5
Create a vendor in accounts !ayable with the following data:
-endor: JV##01 3*- -endor 2)5
Com!any code: GBU1
Account grou!: JVA
Title: Company
0ame: JV Ven*or Grop ## Domestic
1earch term #: JVA
1earch term ': ##
1treet address: </our choice
Country: GB
Customer: JV##01
2ndustry: !"#U
-AT reg" no: GB1$%&'(##
Recon" account: 1()000
1ort 6ey: 0''
Terms of !ayment: 0001
8ayment methods: CDEV
Create a joint venture !artner master record with the following data:
Com!any code: GBU1
8artner: JV##01
2nter(Co" code: +%lan6,
8a!er to owner: <1elect
%illing format: "-J"
Tax code: A0
#('(' Create a joint o!erating agreement"
Com!any $%&# has ac.uired a new o!erated venture" The joint o!erating
agreement 3*+A5 has been signed with two other !artners, *-##9# 3the
!artner you created in the !revious ste! and a little 6nown oil com!any
called Caledonian Oil"5
Create a joint o!erating agreement with four e.uity grou!s, with the
following values:
*oint +!er" Agreem: JA1##1
Com!any code: GBU1
*+A Class: 01 3+!erated *+As :*A#999 ; *A#<<<=5
>.uity grou! A9#:
0ame: Exp.oration
+!erator share: )0/
8artner: JV##01
8artner share: %0/
>.uity grou! %9#:
0ame: De0e.opment
+!erator share: )'/
8artner: JV##01
8artner share: $'/
>.uity grou! C9#:
0ame: Pro*ction
+!erator share: )'/
8artner: JV##01
8artner share: $'/
>.uity grou! C9':
0ame: Pro*ction 1arm2"n
+!erator share: (0/
8artner: JV##01
8artner share: $0/
8artner: JV'000
8artner share: $0/
#('(, Create a joint venture"
Create an o!erated 3no tax5 venture for the joint o!erating agreement
created in the !revious ste! with the following values:
*oint venture: JV1##1
Com!any code: GBU1
-enture class: 01 3+!erated ventures5
*oint +!er" Agreem": JA1##1
-enture Ty!e: !perate* no tax
0ame: !perate* J!A -o3 1 4or 5rop ##
8osting method: PM01 3Cash called ventures5
8ayment schema: <%lan6
Terms of !ayment: 0001 32mmediate !ayment5
%illing fre.uency: 0 3?onthly billing5
7unding grou!: 1G0##
Assign the e.uity ty!es"
>x!loration starts in '999 and )evelo!ment in '99#" 8roduction start(u! is
#st *anuary '99' and the Caledonian +il farm(in is effective from #st
7ebruary '99'"
Assign the e.uity ty!es as follows:
E6ity type 1rom *ate E6ity 5rop
A 9#"9#"'99# A9#
% 9#"9#"'99' %9#
C 9#"9#"'99, C9#
C 9#"9'"'99, C9'
0ow assign funding currencies"
>x!loration and !roduction are funded in local currency 3$%85 and &"1"
dollars" )ue the involvement of 0orwegian engineering firms,
develo!ment is also funded in 0orwegian 6rone 30+@5"
>x!loration costs are !aid from the common accounts in house ban6
A%9B9" )evelo!ment costs are !aid from dedicated accounts in house
ban6 A%9##" 8roduction costs are !aid from the central disbursement
accounts in house ban6 A%9C9"
Assign funding currencies as follows:
E6ity 5rop 1n*in5 Crrency 7ose Ban8
A9# $%8 A%9B9
&1) A%9B9
%9# $%8 A%9##
&1) A%9##
0+@ A%9##
C9# $%8 A%9C9
&1) A%9C9
C9' $%8 A%9C9
&1) A%9C9
#(, Create integrated master data"
0ow that the joint venture has been successfully created, we must now
create some cost objects to collect all the venture ex!enditure
#(,(# Create a !roduction cost center"
Cost centers are generally used to collect ex!enses incurred by a com!any"
De need to create some cost centers to collect venture ex!ense"
Create a !roduction cost center with the following values:
Cost Center: JV##2101 3$rou! ##: -enture #, C" Center 9#5
-alid from: 013013$00$
-alid to: %131$39999
0ame: Grop ##: Pro*3 JV1
)escri!tion: Grop ##: Pro*ction Ventre 1
8erson res!onsible: Any Va.e
)e!artment: Pro*ction
Cost center category: 1 38roduction5
Aierarchy area: GBU2P:D 38roduction5
Com!any code: GBU1 3$% +il 4 $as &!stream #5
8rofit center: GB210## 37ield for grou! ##5
*oint venture: JV1##1 3+!erated -enture 0o" # for grou! ##5
Recovery indicat: B" 3%illable5
>.uity ty!e: C 38roduction ; +il5
*- object ty!e: !PE; 3+!erating ex!enditure5
*2%E*2%> Class: C0( 3+!erating ex!enses5
*2%E*2%> 1ubclass A: 000$0 3%asic +!eration 4 ?aintenance C5
#(,(' Create a stoc6 cost center"
The *-A a!!lication uses s!ecial cost centers to assign venture coding to
stoc6 transactions" De need to create a stoc6 cost center for our venture"
Create a venture stoc6 cost center with the following values:
Cost Center: JV##2<01 3$rou! ##: -enture # stoc65
-alid from: 013013$00$
-alid to: %131$39999
0ame: Grop 00: <toc8 JV1
)escri!tion: Grop 00: <toc8 Ventre 1
8erson res!onsible: <Any -alue
)e!artment: Pro*ction
Cost center category: 1 38roduction5
Aierarchy area: GBU2P:D 38roduction5
Com!any code: GBU1 3$% +il 4 $as &!stream #5
8rofit center: GB210## 37ield for grou! ##5
*oint venture: JV1##1 3+!erated -enture 0o" # for grou! ##5
Recovery indicator: B" 3%illable5
>.uity ty!e: C 38roduction ; +il5
*- object ty!e: !PE; 3+!erating ex!enditure5
*2%E*2%> Class: <%lan6
*2%E*2%> 1ubclass A: <%lan6
#(,(, Create a develo!ment cost center"
0ot all develo!ment costs are ca!italiFed" ?oreover the *-A system
sometimes uses a cost center to code venture details on transactions that
have no cost accounting data, for exam!le !ostings to asset management"
De need to create a develo!ment cost center for our venture"
Create a develo!ment cost center with the following values:
Cost Center: JV##210$ 3+!erated -enture 0o" # for grou! ##5
-alid from: 013013$00$
-alid to: %131$39999
0ame: Grop 00: De03 JV1
)escri!tion: Grop 00: De0e.opment Ventre 1
8erson res!onsible: <Any value
)e!artment: De0e.opment
Cost center category: E 3)evelo!ment5
Aierarchy area: GBU2DEV 3)evelo!ment5
Com!any code: GBU1 3$% +il 4 $as &!stream #5
8rofit center: GB210## 37ield for grou! ##5
*oint venture: JV1##1 3+!erated -enture 0o" # for grou! ##5
Recovery indicator: B" 3%illable5
>.uity ty!e: B 3)evelo!ment5
*- object ty!e: !PE; 3+!erating ex!enditure5
*2%E*2%> Class: C0' 3)evelo!ment5
*2%E*2%> 1ubclass A: 00010 3)evelo!ment 8rojects5
#(,(G Create a develo!ment !roject"
Ca!ital ex!enditure is generally recorded in !rojects and wor6 brea6down
structures 3D%15" De need to create a new !roject to collect develo!ment
costs for our venture"
Create a !roject with the following values:
8roject: J3##301 3$rou! ##: )evelo!ment !roject 9#5
1tart date: 013013$00$
7inish date: %131$3$00$
C+ Area: GBU 3)efault5
Com!any code: GBU1 3)efault5
8rofit center: GB210## 37ield 79## for grou! ##5
8roject !rofile: JVA De0e.opment Pro=ects
8roject stoc6: -o pro=ect stoc8
*oint venture: JV1##1 3+!erated -enture 0o" # for grou! ##5
Recovery indicator: B" 3%illable5
>.uity ty!e: B 3)evelo!ment5
*- object ty!e: CA1E 3Ca!ital A7>5
*2%E*2%> Class: C0' 3)evelo!ment5
*2%E*2%> 1ubclass A: 00010 3)evelo!ment 8rojects5
Then create a D%1 hierarchy with the following values:
#0 >B< "D Description Acct Ass3
# *"##"9#E#9999 )evelo!ment drilling
' *"##"9#E#9GBH Dell GBH I
' *"##"9#E#9GBJ Dell GBJ I
# *"##"9#E'9999 Construction
' *"##"9#E'9#99 To!side I
' *"##"9#E'9'99 8latform 1tructure I
' *"##"9#E'9,99 1ub sea !roduction I
' *"##"9#E'9G99 Trans!ort system I
?odify the details on D%1 element as follows:
#0 >B< "D :e63 Cost Center J"B C.ass <?2C.ass A
# *"##"9#E#9999
' *"##"9#E#9GBH $%& *-##(#9' C9B 999C9
' *"##"9#E#9GBJ $%& *-##(#9' C9B 999C9
# *"##"9#E'9999
' *"##"9#E'9#99 $%& *-##(#9' C9B 999B9
' *"##"9#E'9'99 $%& *-##(#9' C9B 999B9
' *"##"9#E'9,99 $%& *-##(#9' C9B 999B9
' *"##"9#E'9G99 $%& *-##(#9' C9B 999B9
7inally, release and save your !roject"