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Foreign currency sensitivity calculation

in Financial Consolidation and Close 2 comments

Summary: I want to calculate the impact when currency rates increase or decrease by 5% on income before tax. How to do that?


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I created a separate account outside the BS to calculate it and I already have currency members (GBP, USD, EUR, Etc) in the Custom1 for another specification which is helpful to store the sensitivity by currency. I guess Translation overrides is cumbersome as I would have to create a new exchange account and calculate that. Therefor an translation insertion point rule seems logical. Does anybody have any experience with this? Any suggestions would be greatly appreciated.

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