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FCCS_Retained Earnings Current

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edited Aug 12, 2020 8:49AM in Financial Consolidation and Close 3 comments

Summary

No foreign currency translation to Ending Rate

Content

With Ownership Management enabled, we've noticed that although the balance in FCCS_Retained Earnings Current is translated to Parent currency at Average rate at Parent Currency/Entity Total intersection, there is no adjustment to Ending rate. We expect the adjustment to Ending Rate to be posted to FCCS_CICTA as FCCS_Retained Earnings Current is flagged as Historical. As a result, the Balance Sheet is out by exactly the same amount that should have been posted to FCCS_CICTA. 

However, we don't have a similar issue with our application without Ownership Management enabled (see attached example).

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