In Financial Consolidation & Close Cloud Service (FCCS), Translation Is Using Previous Month's Rate Instead Of Current Month's Rate (Doc ID 2483354.1)

Last updated on AUGUST 11, 2021

Applies to:

Symptoms

In your FCCS application, you've defined a rate for a particular period, and a different rate for the following period (e.g., November and December). You would like for November's Closing Balance to post based on the November rate, and when this same value posts as the Opening Balance for December, it should be re-translated to the December rate. Instead, the Opening Balance for December is still reflecting November's rate, not December's.

Cause

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