General Ledger - EBS (MOSC)

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Translation of Retained earnings

edited Jan 18, 2018 4:03AM in General Ledger - EBS (MOSC) 2 commentsAnswered

Hi,

We would like to know how does Retained earnings account Translation done in R12.

Below are the setups we have

GL: Owners Equity Translation Rule is set to YTD

Historicale rates are captured from Feb-16 to Dec-16 with the same rate i.e 0.901220495

My retained earnings balance in functional currency as of dec-16 is 171383580.5 and that is converted into translation i.e 154454395.25.

My financial year starts in Jan and ends in Dec.

Now system is calculated retained earnings (base currency amount 175885529.91) in jan-17 with calculated rate i.e 0.897973294681021 and calculated amount is 157940508.78.

Upto jan-17 this is fine.

Now while calculating the FEB-17 translation system is adjusting to CTA account because my rate for feb-17 is

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