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E1: 11: Overview of Balance Restatement Method (R11414A) (Doc ID 664911.1)

Last updated on FEBRUARY 16, 2018

Applies to:

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

Purpose

Overview

If the organization has companies operating in more than one country, you might have to consolidate financial reporting among the different companies. The Balance Restatement method restates balances into a single currency for consolidated reporting purposes. For example, by restating U.S. dollars to Canadian dollars, you can consolidate reporting with other Canadian companies.

You can use detailed currency restatement or the balance restatement to restate amounts into one currency. For balance restatement, the system restates the amounts based on Account Balance (F0902) table in the consolidation ledger (AC) or other user-specified ledger type at the balance level, thereby creating fewer records, whereas the Detailed Currency Restatement creates the restated amounts based on the F0911 transactions.

You might use balance restatement to:

This method of currency restatement restates balances into a single currency for consolidated reporting purposes.

Scope

This document is intended for Finance Functional users who will be involved in the multicurrency 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
 Ledger Types Setup (P0025)
 Balance Restatement Rates Setup (P1113)
 Computations Setup (P1114)
 Assigning Computation ID to a Company (P0010)
 Processing Options (R11414A)
 Data Selection (R11414A)
 Running the Compute Restated Balances (R11414A)
 Frequently Asked Questions
References

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