Hierarchy
EA-FIN (Software Component) EA-FIN⤷
CA-JVA (Application Component) Joint Venture und Production Sharing Accounting⤷
GJV2 (Package) Joint Venture Development
IMG Activity
| ID | SIMG_MAS_0005 | CI Penalty Categories |
| Transaction Code | S_KK4_66000081 | IMG-Aktivität: SIMG_MAS_0005 |
| Created on | 19991013 | |
| Customizing Attributes | SIMG_MAS_0005 | CI Penalty Categories |
| Customizing Activity | SIMG_MAS_0005 | CI Penalty Categories |
Document
| Document Class | SIMG | Hypertext: Object Class - Class to which a document belongs. |
| Document Name | SIMG_MAS_0005 |
Penalty categories are used in carried interest (CI) processing. Penalty categories identify categories of expenses (e.g., drilling, subsurface equipment).
Percentages are assigned to these categories on the JOA. These percentages will be applied to the CI partner's share of the JV's expenses. Expenses are associated with a penalty category via the cost objects to which the expenses are booked. This calculation constitutes a surcharge that compensates the partners who are carrying the CI partner's expenses for the risk of the activity that the penalty category represents.
Example
Requirements
Standard settings
When a partner in an equity group within a JOA enters CI status, either by failing to sign the JOA or by declining to fund JV expenses, the partner is placed in the appropriate CI status in the equity group on the JV. One or more of the other partners in the equity group are assigned responsibility to carry the CI partner's share of the JV's expenses.
Before this can happen, the following actions must be taken:
- Penalty categories must be defined for the company in JVA configuration
- These penalty categories must be assigned to the cost object types that will be used to set up the cost objects (cost centers, internal orders, WBS elements) for the JV (See Cost Object Types)
- Penalty percentages must be defined for the CI status and penalty categories on the JOA
Recommendation
Activities
Enter the code for the penalty category in the P field and a description of the type of expense it represents in the Description field
Further notes
Business Attributes
| ASAP Roadmap ID | 203 | Establish Master Data |
| Mandatory / Optional | 2 | Optional activity |
| Critical / Non-Critical | 1 | Critical |
| Country-Dependency | A | Valid for all countries |
Maintenance Objects
| Maintenance object type | C | Customizing Object |
| Assigned objects | ||||||
|---|---|---|---|---|---|---|
| Customizing Object | Object Type | Transaction Code | Sub-object | Do not Summarize | Skip Subset Dialog Box | Description for multiple selections |
| V_T8JL | V - View | GJPC | MAS_0005 | Penalty categories |
History
| Last changed by/on | SAP | 20010228 |
| SAP Release Created in |
