FCCS: Behaviour change for: YEAR-TO-DATE TRANSLATION OF OPENING BALANCE ADJUSTMENT

Content

Hi All

About this new major change: 

The Year-to-Date translation of Opening Balance Adjustment previously used the prior period effective rate. This behavior has been changed.

The system will use the effective rate from the last period of the last year and skip the translation if there is no Entity Currency value in Periodic for the Opening Balance Adjustment for the current period.
For the first year in the application and the first period in each year, the translation process will use the periodic translation method.
Business Benefit: The Closing Balance will be the same when comparing the consolidation result using YTD/Periodic and YTD/YTD Translation/FX method.