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Translating accounts outside of the financial statements

in Financial Consolidation and Close 17 comments

Summary:


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It is necessary to translate statistical data such as Revenue by Country by the Average Rate. This data is not in the financial statements. When the accounts are added under FCCS_Balance Sheet they persist in translating at End Rate despite being defined as Revenue/Flow accounts. When outside of FCCS_Balance Sheet the accounts translate correctly but generate opening balances from the prior year end.

How has this been resolved in your implementations? Oracle has decreed this to be a custom function and has no solution or workaround but I'm certain this isn't an original issue.

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