Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
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

FCCS_Retained Earnings Current

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).

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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