Skip to Content
0
Former Member
Dec 11, 2012 at 10:28 AM

IFRS sales revenue in COPA side

32 Views

Hi All,

Currently we following the below scenerio to post our billing values into COPA.

For ex : 01-01-2012 - sale order net value is 10 USD ( exchange rate from sales order = 50 INR at the time of sales order creation )

31-12-2012 - Invoice creation for 10 USD ( now there is change in exchange rate between USD and INR so the revised rate is 52 )

And we posted the accounting document in below way

Customer account DR 10 USD / 500 (10*50) INR

Sales revenue CR 10 USD/ 500 (10*50 ) INR

COPA side also updated the sales revenue is 500 INR

But now we received the requirement from business to add new columns to display the IFRS sales revenue ( ex : 10* 52 = 520 ) and IFRS adjustment column ( 520-500 = 50 )

Business excepted to have 3 columns in COPA side in the below way of sales order

Sales revenue = 500

IFRS revenue = 520

IFRS adjustment = 20

Can you please check my requirement and provide your inputs.

Thakns

Ramu