Hi,
Our Currency Translation business rules are configured to perform Periodic Calc i.e., convert current month delta at current month rate and add to the opening balance for the month in GC. However, when we try to run Currency Translation for the month of Jan 2014 (first period of the year), the whole amount gets converted (i.e., Opening + Month delta) at the current month rate. This rule works correctly for all other months during the year but causes problem only for Jan.
Additional details are provided below -
1. Fiscal Year - Jan – Dec
2. Legal Consol Model – YTD Type
3. FX Business Rule -
| Source Flow | Destination Account | Destination Flow | Formula | Force Closing | Periodic Calc | Entity_FX_Type | Remark |
|---|---|---|---|---|---|---|---|
| F_CLO | F_CLO | [ME_NONMONETARY] | FALSE | TRUE | TEMPORAL | Translation of periodic amounts |
4. We are not capturing movements and the whole data is recorded only on F_CLO (closing)
5. BPC SP Level – CPMBPC800 Level 006
How can we perform Periodic Currency Translation for Jan?
Thank you,
Rajneesh