Currency Precision

Currency dictates the precision of monetary amounts. For example, United States dollar amounts have two digits to the right of the decimal and Japanese yen have none. PeopleSoft software addresses currency precision as follows:

• PeopleSoft software delivers currency sensitive amount fields with a standard length of 23.3, or 23 digits to the left of the decimal point and 3 digits to the right of the decimal point.

• By default, PeopleSoft software rounds all currency sensitive amount fields to the currency precision of the associated currency. This action is a PeopleTools option that you can deactivate.

• All numbers on SQR reports are currency sensitive. For reporting with PS/nVision, the display is equal to the field precision, but you can increase the number of decimals.