Financial - JDE1 (MOSC)

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Financial Restatement

edited Aug 18, 2015 11:34AM in Financial - JDE1 (MOSC) 3 commentsAnswered

We have what can't necessarily be a unique situation however we have yet to find an acceptable solution.

We are an international company running JD Edwards (9.0 going to upgrade to 9.1 within the year) and we need a viable way to convert our Mexican Companies transaction to USD as well as at the same time converting them from Calendar Year to Fiscal Year (April thru March). In addition we also have to depreciate Fixed Assets at the original USD value when the asset was purchased (I.e. not convert the depreciation but depreciate it in USD.

We originally started/tried to do this using the restatement process to get it to USD and then set up a separate company in USD and Fiscal Year and then used allocations from the restated USD amount to the new Company thus changing it's fiscal pattern. Now for some accounts which were already in USD (say bank account), we converted the CA and didn't restate it.

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