36 Calculate Detailed Currency Restatement
This chapter contains the topic:
36.1 Overview
From General Accounting (G09), choose Revaluation and Restatement
From Multi-Currency Processing (G11), choose Financial Restatement
From Multi-Currency Financial Restatement (G1122), choose Detailed Currency Restatement
You calculate detailed currency restatement to apply currently effective exchange rates to transactions. This creates a second restated ledger of transactions for all companies that are set up for detailed currency restatement. This program reads transactions from the Account Ledger table (F0911) and creates new transactions in the XA (alternate currency) ledger in the same table.
Detailed Currency Restatement is a DREAM Writer program.
You can also update the optional YA (domestic origin) and ZA (foreign origin) ledgers by setting the related processing option.
You can set the related processing option in the Detailed Currency Restatement program to start the Post General Ledger program, if your organization does not require management approval for posting.
You can run the Detailed Currency Restatement program when you post other types of transactions to the general ledger. To do this, set the related processing options in the posting program.
If the Detailed Currency Restatement program finds an error condition for a company before any processing takes place for the company, it stops processing eligible records, produces an error report, and does not update the XA ledger. This report indicates the type of problem. You must resolve the problem and run the program again.
36.1.1 Before You Begin
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Set up detailed currency restatement.
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Verify that your currency exchange rates correspond to the dates you will restate. If the system does not find a rate with the date you are restating, it uses the last effective date. See Section 35.7.1, "Defining Exchange Rates for Detailed Currency Restatement."
36.1.2 Common Error Messages and Their Causes
| Error Message | Cause |
|---|---|
| Daily Transaction Rate Not Set Up | No exchange rate is set up for converting the domestic currency to the alternate (stable) currency. See Section 35.7.1, "Defining Exchange Rates for Detailed Currency Restatement." |
| CR01 and/or CR02 AAI Not Set Up | Either the AAI items CRxx are not set up, or the setup is not correct. See Section 35.6, "Setting Up AAIs for Detailed Currency Restatement." |
| CR AAI Account Invalid or Not Set Up | The account number for the AAI item CR is not in the chart of accounts for the company. |
| Version of Post Specified Invalid | You entered an invalid DREAM Writer version number for the post program in the processing option for Detailed Currency Restatement. |
| XA Ledger Not Defined | The XA ledger is not set up in the user defined code list 09/IT. See Section 35.2, "Setting Up Constants for Detailed Currency Restatement." |
| Currency Invalid for XA or ZA Ledger | An invalid currency code is specified in the Special Handling field of the user defined code list 09/LT. Check both the XA and ZA ledgers. See Section 35.2, "Setting Up Constants for Detailed Currency Restatement." |
| YA or ZA Ledger Not Defined | You set the processing option to create records in the YA and ZA ledgers. However, these ledgers are not defined in the user defined code list 09/LT. See Section 35.2, "Setting Up Constants for Detailed Currency Restatement." |