Payables and Cash Management - EBS (MOSC)

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Set up AP under a set of books that has a different functional currency

edited Dec 7, 2009 12:21PM in Payables and Cash Management - EBS (MOSC) 1 commentAnswered
Dear Oracle community users,

We are currently setting up AP (11.5.9) for an office located in an overseas location under the US set of books. We have a question regarding realized gain and loss for foreign currency invoice payment.

Scenario:

1. AP responsibility set up for an office that has a local currency of CZK

2. AP set up under US set of books

3. Invoice (invoiced in GBP) payment in GBP

4. Bank account set up in CZK currency

5. If we enter an invoice payment in GBP, does it mean Oracle will convert the currency from GBP to CZK and then to USD in order to calculate the realized gain and loss?

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