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Currency Translation at Historical Rates

Hi,

We wish to translate Retained Earnings, Equity and Investment FS Items at historical rates. I wish to understand the following -

1) For equity and investment line items the system should refer the Additional Financial Data for GC value. However in our case we found that the same does not happen everything (even though parameters such as profit center, partner profit center and partner unit match)..

2) I wish to understand how the system translates retained earnings.

We are implementing SEM-BCS at a client site and hence we wish to migrate historical data.

Regards,

Shibu

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  • Posted on Jun 27, 2011 at 06:13 PM

    1) Can you please provide a detailed example of AFD vs. Totals and the resulting translations, as well as how translation is configured for the example, for us to assess what is actually occuring?

    2) Because there are many options with respect to transaltion in BCS it would be helpful for us to know how retained earnings should be translated in order to provide suggestions. For US GAAP, it is typical to translate RE on a periodic basis at the month's avg. rate in order to coincide with the corresponding earnings/losses.

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