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YTD translation

in Financial Consolidation and Close 1 comment

Summary:
Can YTD translation method enabled without re-consolidate data from the 1st period of application?

Content (please ensure you mask any confidential information):

We have a business requirement from clients that the PL accounts need to be translated at YTD method from current period, with no impact on historical period which was transalated using periodc method for flow accounts.

Therefore, we have enabled YTD translation function in system and re-consolidate translation from Jan-Dec of current year. We found that oracle says "When you enable YTD FX calculations, you must reconsolidate data from the starting year of the application."

Is anyone knows the petential impact of this?Has anyone encountered problems using this new calculation for FX?

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