If you read the Oracle Documentation for Oracle BIA (188.8.131.52), you could find the following; “Currency conversions are required because your business might have transactions involving multiple currencies. To create a meaningful report, you have to use a common currency.”
Oracle BIA stores amounts in the following currencies;
- Document Currency –> Currency of the actual Transaction (Can vary in a multinational organization)
– Local Currency –> Currency defined in the Ledger
– Global Currency –> Defined in the DAC
You can use a Global Currency if you want to report all the different Currencies in one Global Currency (eg. ‘EUR’, or ‘USD’). Oracle BIA for Oracle eBS is able to report in 3 different Global Currencies. If you use Oracle BIA for CRM, you are able to store an additional two Global Currencies. You define the Global Currencies in the DAC.
You will have to define a Global Rate Type for each Global Currency as well.
- $$GLOBAL1_RATE_TYPE (for the first global currency)
– $$GLOBAL2_RATE_TYPE (for the second global currency)
– $$GLOBAL3_RATE_TYPE (for the third global currency)
You would use the above DAC Parameters for a Document Currency to Global Currency Conversion ($$GLOBALn_CURR_CODE & $$GLOBALn_RATE_TYPE). The $$DEFAULT_LOC_RATE_TYPE-Parameter is used for the Document Currency to Local Currency Conversion.
To get a better understanding about how these Conversions work, you should try to understand the; ‘MPLT_CURCY_CONVERSION_RATES’-Mapplet. The purpose of this Mapplet is to; “Find the Conversion Rate for a given Currency Code, Rate Type and Exchange date. You should find this mapping in the Out-of-the-Box SILOS-Folder.
In the ‘MPLT_CURCY_CONVERSION_RATES’-Mapplet you will find an Expression; ‘EXPT_CALC_EXCH_RATES.’ This ‘EXPT_CALC_EXCH_RATES’-Expression is responsible for the actual Conversion (Calculation).
There are a few other Mapplets with similar name and functionality compared to the ‘MPLT_CURCY_CONVERSION_RATES’-Mapplet.
The Conversion for eg. the GLOBAL1_EXCHANGE_RATE basically consists of three components:
- Input from a Mapping (eg. SIL_APInvoiceDistributionFact – W_AP_INV_DIST_F)
– Lookup to the W_GLOBAL_CURR_G-Table
– Lookup to the W_EXCH_RATE_G-Table
Input from a Mapping
The ‘MPLT_CURCY_CONVERSION_RATES’-Mapplet is part of a Mapping. Let’s take the ‘SIL_APInvoiceDistributionFact’-Mapping which populates the ‘W_AP_INV_DIST_F’-Table as an example.
Lookup to the W_GLOBAL_CURR_G-Table
The ‘SILGlobalCurrencyGeneral_Update’-Mapping in the ‘SILOS’-folder stores the values of the to the $$GLOBALn_CURR_CODE-, and $$GLOBALn_RATE_TYPE-DAC-Parameters in the W_GLOBAL_CURR_G-Table.
As you can see the values in the W_GLOBAL_CURR_G-Table, match with the values in the DAC-Parameters. Of course you can setup these Parameters anyway you like.
Lookup to the W_EXCH_RATE_G-Table
The W_EXCH_RATE_G is a Table which resembles the GL_DAILY_RATE-Table in Oracle eBS. If the contents of this Table are incomplete or incorrect, the whole setup of the different Currencies is useless. The ‘LKP_W_EXCH_RATE’-Lookup is used to find the Conversion Rate for a given Currency Code (‘From’ and ‘To’) and Exchange Date .
If you query the ‘W_AP_INV_DIST_F’-Table an you find the ‘GLOBAL1_EXCHANGE_RATE’-Column empty for a certain Transaction, the above should help you find out the reason.