Enabling Weighted Average Feature

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 Oracle Tax Reporting Cloud 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:

Table 11-11 FX Rates Order of Precedence

Priority	Type of FX Rate
Lowest Priority	Global Average FX Rate
	Entity Average FX Rate
	Calculated Weighted Average FX Rate - Tax Expense
	Weighted Average FX Rate Override - Tax Expense
	NIBT FX Rate Override - NIBT Tax Account Only
	Calculated Weighted Average FX Rate for NIBT
	Weighted Average FX Rate Override for NIBT - By user input
Highest Priority	Historical Amount/Rate Override - Tax / Book Accounts Only
	Historical Amount/Rate Override by Account / DS / Movement / MG / Product

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.