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.