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Equity Pickup - Translation

edited Aug 16, 2021 9:23AM in Financial Consolidation and Close 5 comments

Content

Hi Team, We noticed that Equity pickup is translated using Ending Rate within the same sub consolidation group in case of holding and subsidiary company follows different currency. (In below example Level1_HoldCo has EUR as its functional currency, However Level1_Sub1 and Level1_Sub2 has AUD and SGD as its functional currency respectively), However when it is aggregated to next level holding company the system is translating using Average Rate (In below example Level1_HoldCo will be translated using Average Rate to aggregate to Level2_HoldCo)

 

Currency

Entity

    

USD

Level2_SubConsol

  

USD

 

Level2_HoldCo

USD

  

Level2_Sub1

EUR

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