Fusion GL: Conversion Of Retained Earnings Balances (Doc ID 2153286.1)

Last updated on JUNE 23, 2016

Applies to:

Oracle Fusion General Ledger Cloud Service - Version 11.1.10.0.0 and later
Information in this document applies to any platform.

Goal

Business Use Case:

We are converting DEC-13 balances for a Japan primary ledger. There is a USD reporting currency linked to the PL. Corporate and Period Avg currency conversion rates are setup for DEC-13. In addition, Historical conversion rates are set up for 2 accounts.
We uploaded the JPY journal entry. This created another journal entry stated in USD. Both entries were posted. All JPY to USD conversions were based on the Corporate conversion rate.

I expected the retained earnings amount to be converted based on the historical rate, but the corporate rate was used. Is there some way to convert retained earnings based on the historical rate?
 

Solution

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