What is redetermination in SAP CA-JVA - Joint Venture und Production Sharing Accounting?

SAP Term: redetermination

• Component: CA-JVA

• Component Name: Joint Venture und Production Sharing Accounting

• Description: A process that takes place when new technical information reveals that the original unitization of the block or licenses needs to be redistributed among the equity holders. It results in a new set of owner percentages, based on the rules in the joint operating agreement, which require an inception-to-date ITD equity adjustment.

Smart SAP Assistant

• Key Concepts: 
  Redetermination is a process in the SAP CA-JVA Joint Venture and Production Sharing Accounting (PSA) component that allows for the re-evaluation of the financial results of a joint venture or production sharing agreement. This process is used to ensure that the financial results of the agreement are accurate and up-to-date. 
  
  How to use it: 
  The redetermination process is initiated by entering a redetermination request in the SAP system. This request will include information such as the date of the redetermination, the type of redetermination (e.g. full or partial), and any other relevant information. Once the request is submitted, the system will generate a report that contains all of the necessary information for the redetermination process. 
  
  Tips & Tricks: 
  It is important to ensure that all of the necessary information is included in the redetermination request before submitting it to the system. This will help to ensure that the process runs smoothly and accurately. Additionally, it is important to keep track of any changes that are made during the redetermination process, as these changes may affect future financial results. 
  
  Related Information: 
  For more information on redetermination in SAP CA-JVA Joint Venture and Production Sharing Accounting (PSA), please refer to SAP Help documentation or contact your local SAP support team.