R12:GL: Incorrect Currency Conversion Date When "Use Last Rate" Currency Conversion Rule

(Doc ID 2328909.1)

Last updated on NOVEMBER 22, 2017

Applies to:

Oracle General Ledger - Version 12.2.5 and later
Information in this document applies to any platform.

Goal

This is about the currency conversion date with respect to Business days and non-Business days.

1. Enter a journal in the primary ledger with functional currency with non-Business day effective date (example 8/27/2017) and post.
2. Journal is created in secondary ledger and converted to secondary ledger currency using the currency conversion rule (rate from daily rates table for 8/25/2017).
3. The rate for business day 8/25/2017 is used in the secondary journal conversion rate, but the journal conversion date is 8/27/2017, should be 8/25/2017
4. Because the currency conversion date is 8/27/2017 on the journal, the consolidation process ends in warning as there is no rate for 8/27/2017
 

Solution

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