Setup for Detailed Currency Restatement
This method of currency restatement enables you to maintain a second set of transactions in a stable currency for reporting purposes.
This table describes the setup tasks for detailed currency restatement and the programs used:
Task and Description |
Program |
|---|---|
Specify 2 (detail) or 3 (configured hub) in the Intercompany Settlements field. |
Detailed Currency Setup (P11410) |
Set up companies for detailed currency restatement. |
Company Names and Numbers (P0010) |
Set up ledger types and rules for the alternate ledger type (XA) and, optionally, the domestic origin (YA) and foreign origin (ZA) ledger types. |
User-Defined Codes (P0004A) Ledger Type Rules Setup (P0025) |
Set up exchange rates between the domestic currency and reporting currencies. |
Currency Exchange Rate Entry (P0015A) |
Set up AAI items for:
|
Automatic Accounting Instructions (P0012) |