1. Multicurrency Processing Implementation Guide
  2. Example: Currency Restatement

Example: Currency Restatement

This diagram shows a consolidation of three companies that operate in different parts of the world:

Example of currency restatement for multiple currencies

The Colombian company, which operates in a highly inflationary economy, uses detailed currency restatement. The American and Belgian companies use balance currency restatement. In this example, GP is a user-defined ledger type for Generally Accepted Accounting Principles (GAAP) adjustments.