Fixed Assets - EBS (MOSC)

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Legacy Asset Conversion - How best to convert asset so that Reporting Currency values equal predeter

edited Jul 10, 2012 3:27AM in Fixed Assets - EBS (MOSC) 18 commentsAnswered
R12.1.2.

We are looking to  migrate legacy assets to our Oracle system (encompassing a primary and reporting currency "RC" ledgers).

Both the primary and reporting currency values need to be migrated at set values (ie we currently provide statutory reporting of asset values in both primary and RC currencies and as a result are unable to amend these values as part of the conversion).

Testing to date has indicated that the conversion to RC occurs using the Date Placed in Service Exchange Rate or the Amortisation Start Date exchange Rate..we have over 6000 assets to migrate, where the primary to RC exchange rates fluctuate significantly for each asset.

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