Functional Amount Calculated For Foreign Currency Receipts Is Incorrect - Rate Is Inverted (Doc ID 2219633.1)

Last updated on JANUARY 09, 2017

Applies to:

Oracle Receivables - Version 12 and later
Information in this document applies to any platform.

Symptoms

Exchange Rate entered in Receipts form is being inverted.

Example:
The functional currency is BRL
The Receipt currency is USD
Exchange rate type = User, entering the rate manually.
Creating a receipt of USD 100.00 with Exchange rate 3.00.
System is calculating the Functional amount as 33.33 BRL instead of 300.00 BRL


Cause

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