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Exchange Rate Used for Foreign Currency Invoices

in Payables, Payments & Cash Management

Hello,

We have a query regarding how Oracle Fusion ERP Cloud handles exchange rates for foreign currency invoices.

Requirement:
We need the accounting for foreign currency invoice lines to reflect conversion to local currency using the exchange rate as of the Invoice Creation Date, rather than the Purchase Order (PO) rate.

Questions:

  1. Does Oracle Fusion ERP Cloud support using the Invoice Creation Date exchange rate for accounting of foreign currency invoice lines, or does it always use the PO rate?
  2. Is there any standard functionality or recommended setup to achieve this requirement?
  3. Are there best practices or documentation references for handling exchange rate differences between PO and invoice in Oracle Fusion ERP Cloud?
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