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- When an order is taken in a foreign currency and the order is marked as shipped.
- When payment against a shipped foreign currency order is made.
- When the costs of goods sold are (COGS) are calculated for products on a foreign currency order.
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- Accessing the appropriate Currency Spot Rates record and creating a derived spot rate, if necessary.
- Creating an Order Currency Spot Rates record.
- When the Mark-To-Market object is executed because a payment is received, it also creates the Scheduled Transactions record that contains the general ledger (GL) entries for the gain or loss on the transaction.
- Creating the COGS GL entries.
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- This figure illustrates an order for which the Mark-To-Market wizard created a new Currency Spot Rates record. The original rate (0.7004) was recorded at the time the order shipped. The new rate (0.7024) was added by the wizard.
- This figure illustrates a Scheduled Transactions record created by the wizard to record a foreign currency loss due to the change in currency spot rates since the order originally shipped.
