Options for Overriding Amounts in the Currency Translation for Tax Reporting Pillar 2 — Cloud Customer Connect
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Options for Overriding Amounts in the Currency Translation for Tax Reporting Pillar 2

in Tax Reporting (Direct Tax) 5 comments

Summary:

We are using the Oracle EPM Cloud Tax Reporting solution with the Pillar 2 module and face challenges in ensuring consistent currency conversion between the consolidated financial statements in FCC and the Pillar 2 reporting in Tax Reporting. Currently, our currency conversion in Tax Reporting is based on a single year-end period (December), while the financial statements are calculated using monthly periodic data, with each month converted using its own average exchange rate. These differences lead to discrepancies.

Questions on Current and Future Functionality:

  1. Value Overrides: Does the current version offer the ability to override translated values with an Amount Override
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