Multi currency feature in Advanced pricing

How to enable multi currency feature in Advanced pricing module?

Enable following profile options

Multi currency installed - Set to 'Yes' @ Site Level
Multi currency usage - Set to 'Yes' @ Application Level  (Advanced Pricing)

Pls. note that once you enable above profile options, oracle has recommended not to disable again this may lead to data corruption issue or malfunction of program behavior.


You can go to multi-currency conversion list, to define base currency and conversion currency details at line details

Conversion type can be specified -user rates, corporate rates, fixed rates, EMU rates, and so on.,

Conversion date type should be - pricing effectivity date or fixed date

Currency base rounding factor is automatically captured based on precision defined in FND_currencies




Go to price list screen

You can view new field(Multi currency conversion) is enabled for all the existing pricelist.

You can link your multi currency conversion list setup created values to this field

This helps to convert prices automatically from base currency to respective currency based on GL conversion rates and price list values

Example:
If the price list is defined in OMR. Assume that item price is 10 OMR.
Customer wish to pay their orders in USD.
Then while booking sales order select USD as currency and system automatically calculates item pricing based on cross currency rates

Here, 1 OMR = 2.6 USD

Result will be 10 OMR = 10 * 2.60 = 26 USD

This figure will be calculated automatically once you choose currency and pricelist while booking sales order




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