Define a Reference Currency for Standalone Selling Prices

This example shows you how to define a reference currency for your standalone selling prices on the Manage System Options for Revenue Management page.

The Reference Currency for Standalone Selling Prices settings are applicable only when assigning pricing dimension combinations and standalone selling prices. The application doesn't use the settings when it converts foreign currency source document lines to the ledger currency.

1. Navigate to the Manage System Options for Revenue Management page.
2. In the Reference Currency for Standalone Selling Prices section, click the Enable Reference currency check box.
3. Select the currency to be used as the reference currency.
4. Select the rate type that you want to use to convert revenue line amounts to the reference currency. For example, Corporate or Daily Exchange Rate.
5. Select the rate date of the rate that you want to use to convert amounts to the reference currency.
   1. Contract Date: the date associated with the revenue management accounting contract.
   2. Reference Currency Rate Date: the date shown on the source document header or source document line from your upstream applications.
6. Click Save.