E1: 43: IFRIC 22 Impact On Prepayment & PO Receiving Restatement To XA Ledger
(Doc ID 2316618.1)
Last updated on OCTOBER 11, 2021
Applies to:JD Edwards EnterpriseOne Procurement and Subcontract Management - Version 9.1 and later
Information in this document applies to any platform.
Detailed Currency Restatement / R11411 XA ledger
IFRIC 22 Foreign Currency Transactions and Advance Consideration is effective January 1, 2018.
1.Prepayment Vouchers are restated from AA to XA based on the GL Posting date (ie, today's date, current GL period) of P0411 creating a logged voucher for payment against a purchase order before the receipt.
2. PO Receiving doc type OV transactions are restated from AA to XA based on Posting date (today's date, current GL period) of P4312 PO Receipt batch when the purchase order is received.
3. Redistribution of the prepayment against the receipt transactions are restated from AA to XA based on Posting date (today's date, current GL period) of the P042002/P4314 redistribution.
Each of the above are processed on different dates and thus the Restatement Exchange Rates are different
IFRIC 22 clarified that the Prepayment Voucher Restate FX Rate must equal the PO Receiving Restatement FX Rate. How can the same exchange rate vs. different exchange rates be used throughout the XA restatement processing?
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