Understanding Detailed Currency Restatement
Detailed currency restatement enables you to maintain a second set of books in an alternate (stable) currency in the F0911 table. You set up detailed currency restatement for a company in the Company Names & Numbers program (P0010). Detailed currency restatement is typically used for one of these reasons:
A company operating in a highly inflationary currency has to maintain a second set of books in an alternate (stable) currency for financial analysis and reporting.
A company has to report final results at the transaction level in both the local currency and the currency of the parent company.
A company has to maintain dual reporting for certain classes of general ledger accounts, such as fixed assets, inventory, and equity accounts, to meet accounting standards.
Typically, the Detailed Currency Restatement program (R11411) uses amounts in the domestic currency ledger (AA) and restates them in an alternate currency ledger (XA). However, if amounts in the foreign currency ledger (CA) are in the same currency as the XA ledger, the program instead copies the CA ledger amounts to the XA ledger; it does not restate the AA amounts.
The Detailed Currency Restatement program creates a corresponding transaction in the alternate currency in the XA ledger for every transaction in the domestic currency that is within the range or ranges of accounts specified in the AAIs. Although uncommon, some clients also use ledger types YA (domestic origin) and ZA (foreign origin) for detailed currency restatement.
Detailed currency restatement is integrated into the JD Edwards EnterpriseOne General Accounting, JD Edwards EnterpriseOne Accounts Receivable, JD Edwards EnterpriseOne Accounts Payable, and Oracle's JD Edwards EnterpriseOne Fixed Assets systems. This restatement method includes special functionality for voids, reversals, and gain and loss calculations and enables you to maintain a second set of transactions in a stable currency for reporting purposes.