Detailed Currency Restatement

[SallyW]

Hi,

We have a subsidiary in our company group who now requires reporting in a currency different from their base currency.
The base currency is still appropriate for consolidated reporting of the company group, and cannot be changed as there are transactions anyway.
We are investigating the options available to us, including testing Detailed Currency Restatement functionaltiy.

To implement this we will need to change the Intercompany Settlements parameter to 2 (no hub company) and change the currency of company 00000 (default company) from AUD to be the currency of the XA ledger (USD).
We are using Oneworld Xe.

Is anyone using Detailed Currency Restatement (XA Ledger) functionality?
If so, are there any challenges/issues with the setup or operation of this that may help in deciding how to best deal with our business problem.

Thanks,
Sally

 

[lawrence_janes]

HI Sally

Detailed currency restatement has been designed by JDE to deal with restating a week inflation prone currency to a stable currency for reporting purposes. It translates / duplications every GL transaction therefore having a large impact on you F0911 table.
As you are going from AUD to USD and as AUD is a stable currency you may be better off doing the Balance Restatment method using R11414.
1) it is simpler to configure
2) it restates the F0902 rather than the F0911 therefore takes up less space.

 

[nanda_raote]

Hi Sally

Do you really need to restate at the transaction level? We are restating at the balance level for consolidated group reporting and it works just fine. We looked at the detailed restatement and had some serious problems trying to get it to run accurately as we use over 60 currencies and eventually gave up. It was especially difficult to provide validation that the XA ledger was complete, as there are no real integrity checks available. However we are running World A7.3 and it's possible OneWorld has enhanced the process.

Regards
Nanda