General Ledger - EBS (MOSC)

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Period Average Exchange Rates for Translation

edited Jul 7, 2010 12:42AM in General Ledger - EBS (MOSC) 1 commentAnswered
Hi

Do I understand the following correctly?

1  In R12 it is no longer possible to enter Period Average Exchange rates?

2  Client wants the following translation for Dec-09:  Owners Equity at Historic Rate, Balance Sheet at period end rate, P&L at Average Rate for the whole of 2009 (not just average rate for Dec-09).  Is it really no longer possible to translate the P&L in this way?  I thought that's what everyone did. 

We ran translation and the correct rates were used for Owners Equity and Balance sheet, but the P&L had a different rate for each account.  Is this 'functioning as designed?'  Does this comply with IAS? 

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