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Currency Translations of FCCS_Retained Earnings Prior and its historical data migration

edited Sep 5, 2017 2:12PM in Financial Consolidation and Close 1 comment

Summary

How can I adapt the currency translation of FCCS_Retained Earnings Prior?

Content

Hello,

the FCCS seeded account member FCCS_Retained Earnings Prior is in its original settings for Exchange Rate Type maintained as "Historical". (not historical rate nor historical amount!)

Is anyone able to explain how FCCS should calculate the currency translation and what "historical" means?

I am almost afraid that we need to change it and will have to enter historical rates for each period.

How should you migrate its historical data without maintaining historical rates?

Any ideas are welcome!

 

     

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