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

Acquisition and disposal fx rates

edited Aug 30, 2018 3:33AM in Financial Consolidation and Close 1 comment

Summary

Using fx rates for acquisitions and disposals

Content

We are designing the acquisitions and disposals process. We used to create additional rate accounts to enter specific rates and configure translation rules accordingly. since it's not possible to create additional exchange rate accounts, seems like using specific rates in translation override functionality is the option to go with in FCCS. When these transactions rarely happen, this could work but when there is a big volume the maintenance and tracking could start being an issue. Has anyone implemented any solution on acquisitions and disposals? Do you have any ideas on another option?

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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