Payables and Cash Management - EBS (MOSC)

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R12 Hedge accounting for FX Forwards and effectiveness testing automatically

edited Aug 20, 2021 7:34AM in Payables and Cash Management - EBS (MOSC) 5 commentsAnswered ✓

Hello

According to the following note : Document 988114.1 Hedge Effectiveness: Retrospective Effectiveness Testing

A2: How does Oracle Treasury comply with IAS 39-Financial Instruments, Recording and Revaluation Standards?
The crux of the FAS 133 (and its european counterpart IAS 39) is a special accounting treatment of gains and losses of qualifying derivatives. Oracle Treasury from the very beginning was providing support for derivatives, fair

value gain/loss calculations (through Revaluation) and flexible accounting setup. Someone who is very well familiar with the requirements of the standards and Oracle Treasury functionality can create a FAS/IAS compliant accounting setup given the three above-mentioned components of the system. However, some of the steps would still have to be performed manually (effectiveness testing and reclassification). Our goal is to provide a more streamlined and automated process for companies that would like to take advantage of FAS 133/IAS 39, so there is an ongoing FAS/IAS development project to release such functionality in stages. It is quite complex, therefore we are

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