At the beginning of the financial year, individual entities submit the values for scenario dimensions such as budget or forecast or plan. These values are translated and consolidated based on the exchange rates prevailing in the respective periods. The Currency Analysis Dashboard neutralizes the effect of exchange rate fluctuations.
The comparison between the budget and actual values are not equivalent, because of exchange rate fluctuations at the time of translation. You can perform currency neutralization by keeping the translation rates as constant. Currency neutralization can be achieved either by translating the budget at Actual rates and then comparing the newly translated budget against the Actual budget. The Currency Analysis Dashboard provides the currency neutral variance reports for the following dashboards: Profit and Loss, Balance Sheet, and Cash Flow information.
The Currency Analysis Dashboard page contains the following report information:
To set the Point of View, see Setting the Point of View in Oracle Financial Management Analytics.