You Gain Some You Lose Some – Best Practices for Ledger Structures During Functional Currency Change

When going to a true functional currency, countries are eliminating the financial statement misstatement between Cumulative Translation Adjustment and foreign exchange gains and losses. For entities with Oracle® E-Business Suite, one of the most significant changes to be addressed is affecting the functional currency change within all ledgers – ledgers should be set up for each local currency.

Learning Objectives: After completion of this program you will be able to:

  • Objective 1: Discover how ledgers are affected during a functional currency change.
  • Objective 2: Analyze setups for ledger structures in Release 12.
  • Objective 3: Explore the best practices for ledger structures during a currency change.

View the post-webinar Q&A and engage with us on our LinkedIn group page, EBS Answers. 

Leave a Reply

Your email address will not be published.

Benefits of Integrating RPA into Audit

More and more modern businesses are seeing the benefit in deploying an integration of robotic process automation (RPA) into their organization’s internal audit plan. By embracing the age of automation,...

Read More