Payables and Cash Management - EBS (MOSC)

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application of the IAS 21 (The Effects of Changes in Foreign Exchange Rates) on oracle payables.

edited Jan 17, 2011 2:01AM in Payables and Cash Management - EBS (MOSC) 1 commentAnswered
application of the IAS 21 (The Effects of Changes in Foreign Exchange Rates) on oracle payables.
we have the following case:
invoice currency: EUR
invoice amount: 481,706.73 EUR
rate exchange: 1EUR=102.225710 DZD
invoice date :12/10/2010
Functional money :DZD
converted amount :49,242,812.49 DZD

at 31/12/2010 we should update the converted amount with the closing rate:
31/12/2010 exchange rate: 1EUR=99.572678 DZD
the converted amount should be: 47,964,829.11 DZD
and we should account an exchange gain: 1,277,983.38 DZD

the payment of this invoice was at 05/01/2011
05/01/2010 exchange rate : 1EUR=97.740433 DZD
if we pay this invoice with the payment forms we should have an exchange gain: 2,160,588.12 DZD
but in this case the exchange gain should be : 882,604.75 DZD

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