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Calculate Consolidated Exchange Rates

Submitting a question on behalf of a teammate.

I would like to revisit an important question regarding the "Calculate Consolidated Exchange Rates" task and its effects on our ledger balances (P&L, BS, equity) and translated values when we re-run it.


Should we re-run the "Calculate Consolidated Exchange Rates" task after re-opening the Period to post an entry?

What impact does re-running this task have on ledger balances, and is it necessary?


For instance, when we book tax provision entries post-close, the total can exceed $X million USD. While we understand that the consolidated rate will change and impact the P&L and equity balances, is there a way to determine the extent of this change? 

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