Understanding Multiple Currency Processing in General Ledger

These topics provide an overview of multiple currency processing in Oracle's PeopleSoft General Ledger and discuss how to:

• Prepare to revalue account balances.

• Define revaluation steps.

• Prepare to translate ledger balances.

• Set up translation rules.

• Define translation steps.

• Prepare for the translate within ledger process.

• Combine steps into a multicurrency group.

• Initiate multicurrency processing.

• Use multicurrency processing.

• Produce revaluation and translation reports.

PeopleSoft's uniquely flexible structure enables you to manage financial information in multiple currencies. You can use a ChartField to designate different currency codes within a ledger or, as required, store each currency in a different ledger.

PeopleSoft General Ledger provides specific input, processing, and reporting features that satisfy the most demanding requirements of multinational financial management. PeopleSoft GL supports the European common currency (Euro), as well as currency conversions, remeasurement, revaluation, translation and a complete audit trail of all multicurrency processing.

PeopleSoft also includes position accounting, which enables you to identify and track the risks associated with holding financial assets in currencies other than your base currency.