ICP Elimination Calc when translating from USD to other reporting Currencies — Cloud Customer Connect
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ICP Elimination Calc when translating from USD to other reporting Currencies

edited Jun 3, 2025 5:00PM in Financial Consolidation and Close 10 comments

Hi folks,

Currently in our FCC application, we have USD as the main currency

In our setup, example: ENTITYCONSOL is a USD parent with EUR children. When translating to EUR_Reporting, the sum of the EUR children should be zero (as part of ICP elimination or math calc), but instead, it's getting translated from USD/entity currency.

 

Is there a configuration or setting that forces the system to recalculate ICP elimination in the reporting currency (EUR), instead of simply translating the elimination from the entity currency/USD_Reporting ?

Not only specificy to ICP, but the calculation itself can be changed via variables/ calc script / consolidation settings etc?

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