Using BI to obtain a 3rd detail ledger restatement on top of the XA ledger

Dear all,

This example is using a Polish location PLN with EUR flows.

The GAAP primary economical environment is EUR
For Statutory reasons you will also need to have a transaction by transaction ledger in PLN
As the parent company is USA based the XA ledger is USD

Using the above mentioned example you will setup your AA ledger as EUR's and use the XA (USD) when necessary to report to the parent company leaving you with no "3rd detailed ledger" to report your statutory requirements on.

Can BI translate on a daily basis the AA ledger EUR to PLN using a daily FX rate transaction by transaction? (not trial balances)

Thanks for your input
Regards
Mark Sturges - ADM
 
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