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Argentina Uses Historical USD Value Rather Than Transferring To USD Ledger Via Currency Exchange % (Doc ID 2554626.1)

Last updated on DECEMBER 03, 2019

Applies to:

Oracle Cost Management - Version 12.2.4 and later
Information in this document applies to any platform.


On : 12.2.4 version,

Argentina uses Historical USD value rather than transferring to USD ledger via Currency Exchange %

In Argentina, the value of Average Cost inventory is calculated in 2 currencies - ARS and USD. The functional currency is in ARS and balances are transferred to a USD ledger as transactions are posted to the ARS ledger. The method of calculating the Inventory value is based on Historical USD average that is only adjusted with additions to inventory via a USD cost value.

All adjusting transactions other than receipts in USD currency are valued using that Historical USD Rate and ARS based on the average functional ARS cost.

Need to know if there is separate option for Hyper-Inflationary economies?????


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