Transaction Currency Translation Installation Option

The Transaction Currency Translation option on the Application Fundamentals: Installation Options - Asset Management Page controls how the Create Accounting Entries and Depreciation Close processes manage foreign transaction currency amounts.

If you select the option, the transaction currency detail is not retained. Consequently, accounts such as the lease obligation account cannot be revalued in PeopleSoft General Ledger because the currency transaction amounts are not being tracked.

If you do not select the option, the transaction amount, currency code, and exchange rate are retained, permitting accounts such as the lease obligation account to be revalued in PeopleSoft General Ledger.