What are Spot Rate, Corporate Rate, Transaction Calendar and Accounting Calendar?
Spot Rate: An exchange rate which you enter to perform conversion based on the rate on a specific date. It applies to the immediate delivery of currency. Corporate Rate: An Exchange rate that we define to standardize rates for our company. This rate is the standard market rate determined by the senior financial management for use through out the organization. User Rate: Conversion rate that is defined by the user. EMU Fixed Rate: An exchange rate that is provided automatically by the General Ledger while entering journals. It uses a foreign currency that has a fixed relationship with the euro. Transaction Calendar: Defines the business days and holidays for any calendar. Accounting Calendar: Defines different types of calendars namely Fiscal, Federal Fiscal, Month etc.
