Does Fixed Assets(FA) Generate Separate Accounting For Exchange Rate Variance(ERV) Lines?
(Doc ID 2524383.1)
Last updated on JUNE 12, 2023
Applies to:
Oracle Assets - Version 12.1.3 and laterInformation in this document applies to any platform.
Goal
Business Scenario:
- Exchange rate Variance(ERV) is recorded in AP Invoice distributions due to the exchange rate variations.
- Once the AP invoice is interfaced to assets, its observed that no separate accounting entry is generated for ERV in Assets.
- Only the following entry is created in Assets.
- Dr Asset Cost A/c
- To, Asset Clearing A/c
Need clarification on this.
Solution
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In this Document
Goal |
Solution |