Year End Process: Steps for Closing the Books with Foreign Currency

(Doc ID 805993.1)

Last updated on SEPTEMBER 16, 2016

Applies to:

Oracle General Ledger - Version: 11.5.10.2 to 11.5.10.2 - Release: 11.5.10 to 11.5.10
Information in this document applies to any platform.

Goal

Suppose the following scenario:
  1. SOB1 has Functional currency D1 and foreign currency F1 transactions.
  2. SOB2 has Functional currency D2 and foreign currency F2 transactions.
  3. SOB3 is the Headquarters Books (HQ) with reporting currency R1 .
What are the steps to be followed sequentially to close the Books in case there are foreign currency transactions ?  

Solution

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