Impact to revenue recognition if the currency exchange rate is not loaded
We would like to know what will be the impact to revenue recognition if the currency exchange rate is not loaded after a certain date and the revenue is yet to be recognized after this date. We are facing this challenge with the HRK currency, the decision taken by the country to replace it with Euro so exchange rates aren’t available after 2/28/23.
We would like to understand the impact below.
1. Revenue recognition behaviour if the exchange rates are not available
2. Receipt application or adjustments to this invoice after the date when the exchange rates are not loaded into the system