Which statement is TRUE regarding Time Zone Derivation Rules for Transactions?
A.
Time zone conversion applies to the transaction date and adjustment date and NOT the
accounting date on transactions.
B.
Time zone is derived from the legal entity associated ONLY lo the default, business unit of the
transaction.
C.
If there is a legal entity associated with the business unit used on the transaction, then the system
date is used.
D.
Time zone rules apply to invoices, credit memos, on account credit memos, debit memos,
chargebacks, and adjustments.
Explanation:
Rules for Time Zone Derivation
There are time zone derivation rules for transactions and for receipts.
The following rules apply to time zone derivation on a transaction:
* (C)If there is no legal entity associated with the business unit used on the transaction, Receivables
uses the system date. There is no time conversion of this date.
* Time zone conversion applies to the transaction date, adjustment date, and accounting date on
transactions
* Time zone is derived from the legal entity associated to the business unit of the transaction. This
includes user-entered business units and business units provided by default.
* These rules apply to invoices, credit memos, on-account credit memos, debit memos, chargebacks,
and adjustments.
* There is no time zone conversion within AutoInvoice. If another Fusion application passes a source
date to AutoInvoice, this source date may be subject to time zone conversion according to the rules
of that application.Fusion Applications Help, Legal Entity Time Zones in Receivables: Explained