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The Opening Balance Of An Account Isn't Equal To Closing Balance Of Previous Period In Translation (Doc ID 2509906.1)

Last updated on AUGUST 22, 2020

Applies to:

Oracle Fusion General Ledger Cloud Service - Version 11.13.18.10.0 and later
Oracle Fusion General Ledger - Version 11.12.1.0.0 and later
Information in this document applies to any platform.

Goal

On : 11.13.18.10.0 version, Set Up FCR-Define Ledgers


 - opening balance of any account to be same as closing balance in translation report.
 e.g:- For asset/liability account, the opening balance in translated currency is (opening balance in ledger currency * period end rate)
 - can it be set to be equal to closing balance of previous period and translation adjustment to be posted as period activity.
 

Solution

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In this Document
Goal
Solution
References


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