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Legal Entity Time Zone in ERP Cloud Financials

Summary: Request for documentation about impact of changing Legal Entity Time Zone on various sub-ledger transactions in ERP Cloud Financials

Content (required):

Requisition was final approved on 11 September, system timezone for the transaction was not set as Australia and the system therefore attempted to pick corporate USD conversion rate from the prior day which was Sunday 10 September (Sunday). As no rate was available the rate was populated as blank and caused error.

By setting the time zone at Legal Entity level, the issue was resolved in Test environment. Before doing the setup in Production we are doing an impact assessment of this change and would like to understand following:

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