Last updated on MARCH 08, 2017
Applies to:Oracle Project Costing - Version 12.1.3 and later
Information in this document applies to any platform.
On release 12.1.3, projects are created in a US Operating Unit with project currency of USD. We allow other operating units like United Kingdom (functional Ledger GBP with USD Ledger attached) to cross charge CIP costs to the US Owned Project. If a PO is created and matched in the UK in the currency GBP, then an exchange rate variance is created in our USD Ledger and sent to the GL. Projects does not receive the exchange rate variance. This means that our USD Ledger with CIP Amount will be different from our USD Project CIP Amount which creates a reconciliation issue at month end.
We need to have the USD (reporting ledger currency) exchange rate variance flow interface Projects.
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