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Former Member
May 21, 2008 at 11:52 PM

Currency Translation.

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I have a situation where the consolidaiton frequency is half yearly. But the complexity is as follows:

Balancesheet account translation at half year ending rates( on cumulative balance)

Revenue/expense items at monthly average rate(periodic)

Equity/goodwill( at historical rates, no balances).

Question is .. how to best address this in currency translation..has someone experienced this wild stuff.

Please share your experience.. points will be awarded...