Register today for Oracle CloudWorld. October 17th - 20th, Las Vegas

Register now

Hillel Cooperman, Senior VP of User Experience Design, has a message for you on Oracle CloudWorld

Watch now
How specifically is FCCS_Mvmts_FX_Movement calculated — Cloud Customer Connect
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

How specifically is FCCS_Mvmts_FX_Movement calculated

Received Response
26
Views
3
Comments
edited Aug 14, 2020 10:43AM in Financial Consolidation and Close 3 comments

Content

Hello,

I cannot find enough detail in the admin guides regarding the member: 'FCCS_Mvmts_FX_Movement'. Best i can see is: 

Foreign Exchange Variances (FX Opening, FX Movements) are then calculated to bring the aggregated Closing Balance to the equivalent of the untranslated Closing Balance translated at Ending Rate.

or

FX Movements stores the difference between the translation of total movements at the Ending Rate for the current period and the translated total movements using the Average rate or historical rate or amount overrides for the current period.

however:

'FCCS_Mvmts_Subtotal' @ CurrMonth End Rate -  'FCCS_Mvmts_Subtotal' @ CurMonth Average Rate 

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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