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Does Fixed Assets(FA) Generate Separate Accounting For Exchange Rate Variance(ERV) Lines? (Doc ID 2524383.1)

Last updated on JANUARY 13, 2021

Applies to:

Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.

Goal

Business Scenario:

  1. Exchange rate Variance(ERV) is recorded in AP Invoice distributions due to the exchange rate variations.
  2. Once the AP invoice is interfaced to assets, its observed that no separate accounting entry is generated for ERV in Assets.
  3. 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


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