We'd love to hear from you! Provide  feedback  to earn a badge today. Take our quick survey
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Translation of Trial Balance data - Account Settings

Received Response
33
Views
6
Comments
edited Oct 17, 2017 12:43AM in Tax Reporting 6 comments

Summary

Translation of Trail Balance data loaded to Movement TRCS_TBClosing can be calculated at Average and Ending FX rates but where is the foreign currency translation reserve defined?

Content

In testing translation in TRCS I can confirm that translation of balances in the Tax Package and TAR schedules works as expected with correct application of FX rates for Opening balances, Movements and Closing balances under IFRS.

However I can't find where to set the foreign currency translation reserve for Trial Balance data loaded below Accounts FCCS_Income Statement and FCCS_Balance Sheet in Movement TRCS_TBClosing. In my testing, income items are translated at Average Rates and Balance Sheet closing at Ending rates with some historical values in Equity.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!