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Foreign Currency Contracts: Can a specific conversion date be designated?

in Project Management 5 comments

Foreign currency contracts: Is it possible to specify a particular conversion date?

For foreign currency contracts, when the transaction date is set as the conversion date, I understand that when performing revenue recognition processing, the rate is obtained using the date specified as “To Date” in the parameters as the conversion date.

If this understanding is correct, the exchange rate on each revenue recognition date is applied when recognizing incremental revenue based on progress or when revenue reversals occur.

However, the customer wishes to apply the original exchange rate during revenue reversal processing.

Example:

1) Revenue Recognition: 2025/8/31 USD/JPY Exchange Rate: 140 yen

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