Foreign Currency Conversion
Hello,
When we create assets from USD projects (foreign currency), a balance is left in CIP in GL in AUD (local currency).
What we expect Oracle to do when we create assets via USD projects is to transfer out the exact GL AUD balance that was created when the expenditure item was posted but it transfers it out at a different rate therefore leaves a balance in AUD in GL which we have to manually journal out.
How do we go about fixing this issue, i.e. no conversion happens on the expenditure item local currency amount when we transfer CIP out of USD projects?