IFRS 18 – Best Practice for Transaction Classification in Fusion ERP and EPM/FCCS.
Summary:
We are implementing Oracle Fusion Cloud ERP and Oracle Cloud EPM/FCCS as part of an IFRS 18 implementation. We would like to understand Oracle's recommended best practice regarding the level of IFRS 18 classification that should be performed in Fusion ERP versus EPM/FCCS, particularly for foreign exchange gains and losses automatically generated by AP and AR transactions.
Title:
IFRS 18 – Best Practice for Transaction Classification in Fusion ERP and EPM/FCCS.
Content (please ensure you mask any confidential information):
Hello,
We are currently implementing Oracle Fusion Cloud ERP together with Oracle Cloud EPM/FCCS, and we have some questions regarding the recommended approach for implementing IFRS 18.
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