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Former Member
Nov 14, 2011 at 08:21 AM

BOFC foreign currency conversion procedure (On daily basis)

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Hi,

We are supporting one of our client's on the BOFC (Business Objects FInancail Consolidation).

The client has one of its reporting units 3430 going into a joint venture with a new entity.

Hence in the system we have created the new entity as 3440 and have assigned under the 3430 hierarchy under the equity method in the Scope builder.

3430 RU has made the investment in Ru3440 in CNY twice i.e, on July 13 2011 and Octber 27 2011.

We need to convert the rate from CNY to CHF and the system has to show the foreign currency transaltion adjustments in flow F80.

In the conversion rate we have maintained the daily rates of CNY to CHF for the same for July 13th 2011 and 27th October 2011.

In the category scenarios for the account Investment in JV for flow behaviour we have given for F40 We have created a new rate as JVIN and have assigned conversion rate field as JVIN.

But, The system is now picking the AR rate for conversion and showing the difference in F80.

Please help us how to make the settings to make the system take the daily rate of conversion to be picked for converting CNY to CHF.

Regards,

Shilpa.

Edited by: ashilpa54 on Nov 14, 2011 9:26 AM

Edited by: ashilpa54 on Nov 14, 2011 9:49 AM