Cost Management - EBS (MOSC)

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RTV transactions conversion rate.

edited Sep 1, 2019 5:00AM in Cost Management - EBS (MOSC) 1 commentAnswered

Hi All,

we have a foreign entity where the ledger currency is RUB (we transact in rubles i.e. PO currency etc), while we maintain our cost in USD(all cost rollups etc. happen in USD).

During the forward flow, we use the daily conversion rate to convert from USD to RUB for accounting. As we know, the PO receipt is a two-step process consisting of

Receipt into Receiving Inspection

Deliver Into Inventory.

Now during the reverse flow, we found that Return to Receiving transaction is considering the Currency conversion rate as that of PO Received date rate for RTR transaction, but the Inventory transaction is considering transaction date (RTV date) as conversion rate. This is causing balance issue in the Receiving Inspection account and the transaction is struck in SLA.

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