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E1: 11: Overview of Detailed Currency Restatement Method (R11411) (Doc ID 664750.1)

Last updated on APRIL 04, 2024

Applies to:

JD Edwards EnterpriseOne General Ledger - Version XE and later
Information in this document applies to any platform.

Purpose

Overview

Detailed Currency Restatement enables you to maintain an additional set of account books in an alternate stable currency with a different ledger type (XA) for reporting purposes. The currency on the XA is typically a currency that does not fluctuate as compared to the company's original currency. For example, by restating transactions from Colombian pesos (COP) to U.S. dollars (USD), a Colombian company can generate meaningful comparisons of current to historical amounts by using the more stable U.S. dollar.

Detailed currency restatement is typically used for following reasons:

Scope

This document is intended for Finance Functional users who will be involved in the multi currency processing in the General Accounting system. 

Details

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In this Document
Purpose
 Overview
Scope
Details
 Program Functionality
 Setup
 Multi-Currency Conversion Constant
 Intercompany Settlements
 A/P Offset Method and A/R Offset Method
 Company Setup
 Ledger Types Setup
 AAI Setup
 Exchange Rate Setup
 Processing Options (R11411)
 Data Selection (R11411)
 Running the Detailed Currency Restatement Program (R11411)
 Reviewing the Report
 Common Error Messages
 Reviewing and Approving Detailed Currency Restatement Transactions
 Posting Detailed Currency Restatement Transactions
 Frequently Asked Questions
References

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