Consolidation Setting for Translation Rules
A new Consolidation Setting called Skip Translation Rules if Entity Currency Equals Parent Currency is now available for multiple-currency applications. When you enable this setting, the translation-based configurable calculation (insertion) rules are skipped during the translation process for those Entities whose Base Currency property matches their Parent’s Base Currency property. The rules include:
- FCCS_25_Before Foreign Exchange (FX) Calculations
- FCCS_30_After Opening Balance Carry Forward
- FCCS_40_Final_Calculations
By default, the Consolidation Setting is not enabled.
Business Benefit: This consolidation setting enables you to decide whether to skip these calculation rules, which improves overall Consolidation performance, in addition to making the translation process more efficient.
Key Resources
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Configurable Calculation Rules in Administering Financial Consolidation and Close