1. Multicurrency Processing Implementation Guide
  2. Computations for Balance Restatement

Computations for Balance Restatement

After you set up computations for balance currency restatement, ensure that this information is correct and complete:

  • Verify that all gaps between ranges of accounts are intentional.

    The system does not perform restatements for missing accounts. The balance of the missing accounts might be entered into the translation adjustment account that is specified on the Revise Company Currency Conversions form.

  • Verify that the correct rate types and calculation methods are associated with the account ranges.

  • Verify that the ranges of accounts or business units do not overlap.

  • Verify that the retained earnings account (as specified by AAI item GLG4) is entered on a separate line on the Revise Company Currency Conversions form.