PARGDR - Revenue Hard Limit Exception Due To Currency Exchange Rate/Revaluation
Last updated on AUGUST 01, 2016
Applies to:Oracle Project Billing - Version 220.127.116.11 to 12.2.4 [Release 11.5.10 to 12.2]
Information in this document applies to any platform.
PARGDR PRC: Generate Draft Revenue for a Single Project encounters a HARD LIMIT rejection where there is enough funding for the event to be process. Although there is no revenue generated for the project the HARD LIMIT rejection prevents revenue from being generated. Even after running the PRC: Revaluate Funding process the revenue will not generate.
Customer creates a project with:
Event/Event project with Project Currency = USD, Proj Func Curr = GBP
Funded for $100K USD, on 5/1/09 (exchange rate .603318)
Invoice regenerate/released on 7/1/09 for $40K USD.
Rev Accrual of $100K USD on 9/1/09 (exchange rate .617017) <- HARD LIMIT EXC.
Run Revalution of Funding on 9/1/09.
Funding revaluation adjustment made of 821.94 GBP. (Inv Backlog of 60000 * exchange rate difference .617017 - .603318).
Total Funding for Rev now $100K USD, 61153.74 GBP (60331.80 + 821.94)
Total Revenue to be Accrued: $100K USD, 61701.17 GBP <- Still encounter HARD LIMIT Exception.
Customer feels the PAXPRFRP PRC: Revaluate Funding for a Single Project process should revalue both the invoicing and revenue currencies (project functional currency and the project currency) or should revaluate the largest remaining funding backlog. Otherwise customers cannot generate revenue when there is a hard limit on the agreement and there has been no revenue generated at all for the project.
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