General Ledger - EBS (MOSC)

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Revaluation FX Rate for Secondary Book

edited Oct 4, 2018 5:00AM in General Ledger - EBS (MOSC) 1 commentAnswered

Currently, Revaluation is run in Secondary ledgers at the corporate rate. Based on local GAAP requirement some entities need to have their central bank rate to be used for revaluation of accounts which have foreign currency. This is a requirement in China and India for the moment.

The current process after running revaluation in the Secondary ledger is to calculate manually the new revaluation based on Central bank rate and post the delta between the 2 rates (Corporate and Central) in the Secondary Ledgers. This is a very manual effort by the teams.

Is there any way to automate the process?

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