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Reply from Ron Roberts on Dec 11 at 2:27 PM Commonly, the translation date defaults to the document entry date. So, if no specific date is entered as the translation date, it will default to the current date. As a result, this will cause the most recent entry into the currency table (TCURR) to be used for translation.
If you want to use a different translation date, you can enter it manually when you enter the document
| | | ---------------Original Message---------------
From: Manas
Sent: Saturday, December 05, 2015 9:28 PM
Subject: Group Currency Conversion
Current system is live on FICO (except Assets / PS Module )with 0L as US GAAP in local currency.
In OB22 :
First local currency Setting =
currency type 10 = Co.Code currency (non USD)
valuation=0 ( Legal valuation)
exchange rate type =M ( standard translation at average rate )
source currency = 1(translation taking translation currency as basis)
Traslation date type = 3 (translation currency)
2nd local currency settings;
currency type 30 = Group currency (USD)
valuation=0 ( Legal valuation)
exchange rate type =M ( standard translation at average rate )
source currency = 2 (translation taking translation currency as basis)
Translation date type = 3 (translation date)
Now Asset / PS modules are being implemented , with currency setting as follows:
OAYH setting
Area 01 : US GAAP in local currency
Area 31: consolidated balance sheet in Group currency
Parallel currency setting:
Area 01 :Group curency
Area 31; assigned to Currency type 30 (with identical APC and dep terms from area 01)
Issue;
The client wants the Area 31 Group currency (USD ) conversion based on transaction ( document / posting/asset value date) date for Asset sub module transactions - however, Group currency is always picking up the rate from "latest" entry (topmost line for relevant currency) from OB08/TCURR ( exchange rate table) irrespective of whichever document date/posting/date/asset value date of previous dates being put into transaction entry screen.
Would appreciate a pointer/workaround/solution - thanks in advance! |
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