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Jun 03, 2020 at 08:08 AM

Currency Translation for Event Based Revenue Recognition

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Dear Cloud Community,

We are using actively the professional services process with customer projects. My customer applies the POC cost-based method for revenue recognition in all fixed price projects. We have many contracts in foreign currency and we are struggling sometimes to understand how the system manages the currency translation for event-based RevRec.

I would really appreciate to have an extensive explanation about how the system is translating currencies in this context.

thanks in advance for your support

Carlos