AR: Default Exchange Rate Type functionality in a MOAC enabled environment.
Can this be shifted to the GL Forum pls, as there is no response.
Thanks
Jayaram
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Hello,
As per the local laws for Eastern European countries, the Currency conversion rate to be used in case of foreign currency transactions are dictated by the tax Authorities.
In 11i We had defined a New Exchange rate type and was used while creatin all the foreign currency invoices and receipts.
The profile option AR: Default Exchange Rate Type was set at the responsibility level and the appropriate exchange rate type was defaulted accordingly.
In R12 in MOAC responsibility, where it has access to multiple operating units, setting the profile option AR: Default Exchange Rate type at the responsibility level is not possible as we can assign only one value to it.