Skip to Content
author's profile photo Former Member
Former Member

Business rule ..currency translation..

In the currency translation business rule formula..what is AS-IS-1 refers to.

I understand AS-IS means historical rate.., but what is AS-IS -1 ?

What is the meaning of formula like...END u2013 AVG in business rule? Where it is used?

I have enough documents, links..appreciate your replies...

Add a comment
10|10000 characters needed characters exceeded

Related questions

1 Answer

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Sep 30, 2009 at 11:23 PM

    Hi Manilyer,

    I dont know about AS-IS-1???but when it comes to END-AVG...there will some accounts in any consolidation like RESERVES,SHARECAPITAL which will be calculated at END and AVG rate means....

    Lets take..Company "A" bought a 70% share in the Company "B" at a ratei.e AVG rate but when we are doing consolidation of accounts at Year end i.e "END" rate..then there will be diffrence in their consolidation..this called "FCTR" calculation...this is what END-AVG..and it will happen only few account's..

    Hope you got my information...

    Regards,

    Naresh.K

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.