Rate Used For Translating Income Statement Accounts (Doc ID 2469936.1)

Last updated on OCTOBER 12, 2023

Applies to:

Goal

User loads rates into rate type Corporate and Period End Rate. In the Corporate rate type, rates are loaded from 1st to 31st (last day) of a month and each day's rate would be different.

Based on the setup, the anticipation is that Translation process looks at Corporate rates, automatically calculates average of the entire month based on daily rates in Corporate rate type and uses that average rate. Please clarify if/how this works.
 

Solution

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