Error In Budgets When Currency Rates Not Defined For Entire Project Planning Period
Last updated on MARCH 08, 2017
Applies to:Oracle Project Management - Version 12.0.6 and later
Information in this document applies to any platform.
When saving a budget where the Project Currency is different from the Project Functional Currency, the following error occurs:
Either cost rates, or conversion rates, or both are missing for some planning elements. Either bill rates, or conversion rates, or both are missing for some planning elements.
The Project Functional Currency is CAD, and Project Currency is USD. The conversion rate type is Corporate and Daily rates have been defined in GL through the current month. The project end date goes beyond the current month. Budgets are time-phased by GL period. The daily rates are not known and will not be loaded beyond a month in GL. The system should use the last available rate to convert between Project currency and Project Transaction Currency (and also to Project Transaction Currency if different from the other currencies) for the months in the project beyond which daily rates are defined in GL.
Reproduce By Steps:
Create a Project with a Project/Transaction end date beyond the current month. In Project Costing, set the Project Currency to be different from the Project Functional Currency. In Project Management, enter the approved cost and revenue budget amounts (cost and revenue together plan type, time-phased by GL period), enter the budget amounts on the tasks. Save your the budget. When select to view the budget, receive the error message "Either cost rates, or conversion rates, or both are missing for some planning elements. Either bill rates, or conversion rates, or both are missing for some planning elements."
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