14.6 Translation

Reporting Currency Ledgers are representations of a Primary or Secondary Ledger in another Currency for the Reporting purposes. The Reporting Currencies share the same Chart of Accounts, Accounting Calendar, and Accounting Method as their related Ledger. You can use the Reporting Currencies for Online Inquires, Reporting, and Consolidation.

Balance Translation is a part of the Balance Computation Management Ledger Process.

Note:

Balance computation processes in AFCS - journal ingestion, decomposition, revaluation and translation - should be run only once per as-of date. The service does not perform a check if such execution is requested, manually or via scheduling. Executing any of these processes more than once per as-of date will result in serious errors in service output.