Differences in exchange rates between primary and secondary school in general ledger

We have a little problem on our hands... we are implementing two great books with display dynamic, primary secondary and Canadian Dollar in USD.

Exchange rate variances occur if for example, we consider significant operations at different points in time. We have no problem at the primary level. However, CAD to USD exchange rates are updated on a monthly basis and most likely, rates change in the month. Therefore, exchange rate differentials would happen frequently in the secondary accounts.

We were asked by senior management, how these gaps would be treated by the EBS. I was wondering if you have any ideas that we are looking at events from accounting to ALS.

Thank you

Sanjib

If the need was for the balance of the Canada and US dollar, you can use the option of Reporting currency instead of secondary accountant.

Kind regards
Chirag

Tags: Oracle Applications

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