You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Contract in Foreign Currency

Question
11
Views
0
Comments
in Revenue Management

Summary:

Dear Experts ,

We are interfacing SMC contracts created in foreign currency in RMCS for Revenue recognition, however system is taking the SMC contract start date as the conversion date.

Our requirement is system should taken the GL conversion rate of respective period date for the revenue recognition

We have tried with both options of Disable override flag in system option with yes and no .

Disable override flag is set to no

  1. If we provide the currency conversion date in SMC contract then that date is taken for conversion for all periods current and Future .
  2. If we Don't provide the currency conversion date in SMC then contract start date is taken as currency conversion date for current and future period .
Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!