As-If Currency Review

Regardless of whether you enter a purchase order in a domestic or foreign currency, you can review amounts as if they were entered in a different currency. As-if currency processing enables you to review purchase orders as if they were entered in a currency other than the currency in which they were actually entered. For example, a Canadian company that enters a foreign currency purchase order in the euro can review the purchase order amounts as if they were entered in the Japanese yen (JPY), and then compare the JPY amounts to the domestic (CAD) and foreign (EUR) currency amounts.

One of the advantages of as if currency processing is that it does not affect disk space. The as-if currency amounts are not written to a table; instead, they are stored in temporary memory. Although this has no effect on disk space, it can affect processing time.

To review purchase order amounts in an as-if currency, you must enter a default currency code and an exchange rate date in the processing options for the Purchase Orders program (P4310). This data activates the As If Currency field on the Work with Order Details form.

The system retrieves the exchange rate from the F0015 table and calculates the as-if currency amounts based on the base (domestic) currency of the purchase order. Because of fluctuating exchange rates, the as-if currency amount you are reviewing might not be the same amount as the actual voucher or payment.