How Many Types Of Conversion Rates Are There In Oracle Gl?

1.	How Many Types Of Conversion Rates Are There In Oracle Gl?
Answer» There are 5 basic types of conversion rate types predefined in Oracle GL: SPOT: An exchange rate based on the rate for a specific date. It applies to the immediate delivery of a currency. CORPORATE: An exchange rate that standardize rates for your company. This rate is GENERALLY a standard market rate determined by senior financial management for use THROUGHOUT the organization. USER: An exchange rate that you enter during foreign currency journal ENTRY. EMU FIXED: An exchange rate that is used by countries joining the EU during the TRANSITION period to the Euro currency. USER DEFINED: A rate type defined by your company to meet specific needs. There are 5 basic types of conversion rate types predefined in Oracle GL:

Answer»

There are 5 basic types of conversion rate types predefined in Oracle GL:

SPOT: An exchange rate based on the rate for a specific date. It applies to the immediate delivery of a currency.
CORPORATE: An exchange rate that standardize rates for your company. This rate is GENERALLY a standard market rate determined by senior financial management for use THROUGHOUT the organization.
USER: An exchange rate that you enter during foreign currency journal ENTRY.
EMU FIXED: An exchange rate that is used by countries joining the EU during the TRANSITION period to the Euro currency.
USER DEFINED: A rate type defined by your company to meet specific needs.

There are 5 basic types of conversion rate types predefined in Oracle GL:

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