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Former Member
Dec 18, 2011 at 02:47 PM

Rate application and business rule Currency Converison


Hi experts,

Could anyone help me about the following confusion? thanks.

Typically if talking about currency translation, we have to find a way to find out source currency, target currency and rate to calculate.

According to BPC logic(If i was right)

1) source currency is determined from property of dimension Entity.

2) Rate type is decided by Account dimension .

My questions are:

1) where could I define the target currency I convert to ? I have to point out when running DM package? I read from document - we can specify G or R type currency in currency dimension, does that mean the conversion will run on each of them in default way?

2) what will happen if currency defined in Entity dimension's property is NOT identical with currency of transaction data stored in Legal Application?

Our task is to convert data stored in Legal App, isn't it?

3) If you check Rate application, there is only one field to input currency. Why not two currencies are ready to input? Field currency A and currency B, then rate of conversion?

Your help is much appropriated.