5.4 Currency Conversion Settings

Setup the currency conversion settings to assign the Rate Type to a GL Type, which is required during the Execution process in PMF.

To setup the currency conversion settings, follow these steps:
  1. From OFSBCE Home, select Financial Services Balance Computation Engine, select Application Setup, and select Currency Conversion. The Currency Conversion Settings page is displayed.
  2. Select the required value for each entity.

    Figure 5-4 Currency Conversion Settings Page


    Currency Conversion Settings

  3. Select the End of Period, Daily or Average Rate Type for the following GL type entities:
    • Asset
    • Gains
    • Liability
    • Expense
    • Contra Asset
    • Owners Equity
    • Loss
    • Contra Liability
    • Revenue
  4. 3. Click Save to save the currency conversion settings.