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Clarification sought on "Calculate Movements system rule" during Consolidation and Translation

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edited Oct 17, 2020 7:03PM in Financial Consolidation and Close 2 comments

Summary

Clarification sought on "Calculate Movements system rule" during Consolidation and Translation

Content

Hi All, as per Oracle documentation:

"Level 0 Movement dimension members can be configured for use as the calculate movement member for one or more accounts. Accounts can then be configured to calculate the current period movement based on a Closing Balance Input amount. The calculated movement amount is posted to the selected movement for that account. A default movement can be applied whenever an individual level 0 account has not been assigned a calculated movement member. The rule calculates the difference between the Closing Balance Input amount and the sum of the current period Opening Balance plus any other movement data already posted to the

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