Sap JVA Online Training

SAP designed JVA (Joint Venture Accounting) for joint venture operations. SAP JVA captures all expenditures and other joint venture transactions by utilizing functions from Financial Accounting (SAP FI), Controlling (SAP CO), Asset Management (SAP AM), Materials Management (SAP MM), Plant Maintenance (SAP PM), and Project System (SAP PS). By working closely with customers and implementation partners, SAP makes sure that JVA facilitates smooth management of joint ventures, with great flexibility for growth.
There is integration between JVA and other modules like FI, CO, MM, SD, PS, PM. SAP JVA is a solution that offers you to track venture costs on a venture and partner basis. SAP JVA
Training offers you with the facility to automate calculations in case of cost allocation during cutting. This SAP JVA Corporate training enables to maintain the venture transactions and provides the different types of the reporting.

Purpose:
Companies typically form joint venture partnerships to reduces risks involved in capital
intensive operations that demand a long payback period. A joint venture partnership includes an operating partner (operator) and one or more non-operating partners who combine monetary or personnel resources to share a project’s expenses and revenues. The operator manages the venture, arranges venture activities, and maintains accounting records. The operator remits venture expenses, collects revenues, and distributes these to the partners, according to their ownership shares. SAP JVA is a complete accounting system for joint ventures.