Enabling Weighted Average

The FX Rates Calculated Weighted Average form is created when it is enabled during creation of the application, or at a later time. To enable the feature, see the following procedures in the Administering Tax Reporting guide:

• Creating a New Application
• Enabling Application Features

After the feature is enabled, the following are created in the Account dimension, under Exchange Rates, and then TRCS_Weighted Average Rates:

• TRCS_Weighted Average FX Rate Calc
• TRCS_Weighted Average FX Rate Override
• TRCS_NIBT Weighted Average FX Rate Calc
• TRCS_NIBT Weighted Average FX Rate Override
• TRCS_TotalTaxExpenseNIBT

The FX Rates Calculated Weighted Average and the TRCS_NIBT FX Rates Override - WAR forms are available in the Library.

The order of precedence for the NIBT Account flows from the lowest to the highest priority, as follows:

See the following topics:

• Calculating the Weighted Average FX Rate Override for NIBT Accounts.
• Calculating the Weighted Average FX Rate Override for Other Tax and Book Accounts.