scotf
Member
Our financial restatement problem comes about because we are using the currency restatement option via the AD ledger.
We convert our Balance Sheet at the closing rate each month and the P&L at the average rate. The system (R11414) can handle this OK.
However, it looks like the system will encounter problems every Period 1 of a new fiscal year. The YTD processing option should be able to give us that capability to revalue the closing balances within a year, but as it is fiscal YTD, it does not look like it will deal with the cross over from one fiscal year to the next.
We convert our Balance Sheet at the closing rate each month and the P&L at the average rate. The system (R11414) can handle this OK.
However, it looks like the system will encounter problems every Period 1 of a new fiscal year. The YTD processing option should be able to give us that capability to revalue the closing balances within a year, but as it is fiscal YTD, it does not look like it will deal with the cross over from one fiscal year to the next.
