Running Currency Adjustments
This section discusses:
Understanding currency adjustments.
Running currency adjustments.
Page Used to Run Currency Adjustments
Page Name |
Definition Name |
Navigation |
Usage |
---|---|---|---|
Run Currency Adjustment |
GC_RUN_FX_ADJ |
|
Run currency adjustments to generate beginning balances by adjusting prior period ending balances to the current period translation rate. |
Understanding Currency Adjustments
You run currency adjustments to adjust beginning balances for a period by:
Adjusting prior period source ledger activity to the current rate.
Adjusting prior period foreign currency manual journal entries to the current rate.
Do not confuse currency adjustments with the currency processing that is completed when running the ledger preparation processes. Ledger preparation currency processes translate amounts from source ledgers for the current period activity. Currency adjustment processing generates beginning balances for the current period, using prior period data that already resides in the consolidation ledger. Because the currency adjustment engine processes prior period source ledger activity, the currency adjustment is run after the ledger preparation process and is tracked through the ledger enrichment manager.
See Managing Ledger Enrichment Processing.
Note: For consolidation ledgers that use the financial statement method, the currency adjustments target only the balance sheet accounts. Roll forward entries with a GC Source of 9A and 9B will be revalued. When the currency adjustment engine produces the revaluation flows for the roll forward entries, the flow code used will be FXAJ1 with a translate value of R for GC_FLSRC_TYPE.
Run Currency Adjustment Page
Use the Run Currency Adjustment page (GC_RUN_FX_ADJ) to run currency adjustments to generate beginning balances by adjusting prior period ending balances to the current period translation rate.
Image: Run Currency Adjustment page
This example illustrates the fields and controls on the Run Currency Adjustment page. You can find definitions for the fields and controls later on this page.
Specifying the Run Parameters