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Reporting Ledger Default Rate Type Not Used For Currency Conversion During Journal Creation (Doc ID 2535796.1)

Last updated on NOVEMBER 17, 2023

Applies to:

Oracle General Ledger - Version 12.1 and later
Information in this document applies to any platform.

Symptoms

A secondary ledger exists with Rate Type = Corporate.
A reporting ledger has been created that is linked to the secondary ledger and defined with the following parameters:

  - Conversion Level = Journal
  - Default Rate Type = Local

When transactions are processed from any subledger (i.e. Receivables or Payables) and the journal entry is created for the reporting ledger the Local Default Rate Type defined for the reporting ledger is not used.
Instead, the Corporate rate from the secondary ledger is used.

Per bug 21681547 - R12: CURRENCY CONVERSION RATE ISSUE IN REPORTING CURRENCY LEDGER, patch 25210929 should provide the functionality needed to use the Default Rate Type in the reporting ledger.
However, even after this patch has been applied, the system still uses the Corporate rate from the secondary ledger when creating the journal in the reporting ledger.- R12: CURRENCY CONVERSION RATE ISSUE IN REPORTING CURRENCY LEDGER- R12: CURRENCY CONVERSION RATE ISSUE IN REPORTING CURRENCY LEDGER- R12: CURRENCY CONVERSION RATE ISSUE IN REPORTING CURRENCY LEDGER- R12: CURRENCY CONVERSION RATE ISSUE IN REPORTING CURRENCY LEDGER- R12: CURRENCY CONVERSION RATE ISSUE IN REPORTING CURRENCY LEDGER

Cause

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