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We have implemented IFS10 Aurena Group Consolidation and we confused on the FX rate workings.

Does anyone understand the IFS logic to the working of the FX rate applied to periods beyond period 1 when Income Statement period rates is NOT selected and when no rate type for average has been set up.

We are confused what rate the system is calculating for Period 2 because it is giving us a rate that is either Period 2 nor average of period 1 & 2.

Any advice would be most welcome

Much appreciated

Sheila

  

Hi, 

 

Since the income statement period rates are not used, could you check the currency rate type that is attached to the ‘balance version’ as the ‘Income statement rate type’ . That is what normally will be taken as the currency rate type to calculate the income statement balances. 

Refer the attached screenshot for your easy reference. 

Hope this will help to clear out your issues…! 

 

Best Regards,

Thushan Wijayawickrama 

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