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MRC: Asset Cost in Reporting Currency Is Worng If Coming From Foreign Currency Invoice In AP (Doc ID 400524.1)

Last updated on DECEMBER 04, 2019

Applies to:

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


In in Production:
MRC is not enabled in AP.

Find the cost of an asset in the reporting currency to be incorrect, when the asset was imported from AP.
In this case they were like below, but this can appear on any other 3 currencies:
Base currency CNY
Invoice entered in EUR
Reporting currency USD

Expect to use the correct exchange rate in the reporting book..

Steps To Reproduce:
The issue can be reproduced at will with the following steps:

1. Create foreign currency invoice in AP (not USD in this case) and validate it

2. Run Accounting process, transfer to GL and Mass addition create in AP

3. In FA, prepare Mass addition and post Mass Addition

4. In FA - Finance Information, check the USD and CNY cost of this Asset

USD Cost/CNY cost <> the rate of invoice date

Business Impact:
The issue has the following business impact: The incorrect cost is shown in the reporting book. 


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