Setup for Balance Restatement
This method of currency restatement restates balances into a single currency for consolidated reporting purposes.
This table describes the setup tasks for balance restatements and the programs used:
Task and Description |
Program |
|---|---|
Set up ledger type and rules for the consolidation (AC) ledger. |
User-Defined Codes (P0004A) Ledger Type Rules Setup (P0025) |
Set up exchange rates to convert amounts from the domestic to the consolidated reporting currency. |
Currency Restatement Rates (P1113) |
For each company, set up the computations to be used by the Compute Restated Balances program. |
Revise Company Currency Conversions (P1114) |
Assign each company a default computation ID. Alternatively, you can assign the computation ID when you run the Compute Restated Balances program. |
Company Names & Numbers (P0010) |