Foreign Currency Business Exchange Rate: Purchase Order exchange rate, invoice exchange rate, Payment Exchange Rate

Now you need to make a foreign currency business, make a purchase order> match the order to generate an invoice> pay,
Purchase order exchange rate, invoice exchange rate, payment exchange rate, these exchange rates are a bit dizzy
Must the invoice exchange rate be consistent with that of the purchase order ???

My understanding is that enterprises only pay attention to the exchange rate at the time of payment, because it has a real impact on the foreign currency review, while the other two exchange rates have no impact, but play a record role. Therefore, the exchange rate and invoice exchange rate when purchasing orders do not have strict requirements on accuracy. They do not need to be consistent with the exchange rate at the time of payment.

Is that true ??
Understanding is correct.

 

What are the entries generated when the exchange rate of the invoice is inconsistent with that of the purchase order ?? Exchange Profit and Loss ??
In principle, analysis is not required. If Oracle is too annoying, it doesn't matter if it is necessary.
Po:
DR: MIT
Cr: AP accrual

Invoice:
DR: AP accrual
Cr: AP invoice

Payment:
DR: AP invoice
Cr: Cash
Gain/loss

 

Verified,
If the exchange rate when the invoice is matched is different from that when the order is made,
The entries generated when matching the invoice are as follows:
Borrow: accrued liabilities
Loan: financial fee-exchange Profit and Loss
Loan: Accounts payable

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