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Purpose of translation adjustment of account in oracle r12.
#1
Question 
What is the purpose of translation adjustment of account in oracle r12?
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#2
(07-19-2014, 10:22 PM)Divya Omkar Wrote: What is the purpose of translation adjustment of account in oracle r12?
You can translate your actual and budget account balances from your functional
currency to another currency. If you have average balance processing enabled,
you can translate average, as well as standard, balances. If you want to report
financial results in Euro, you can use General Ledger's translation feature to
translate your account balances from your functional currency to Euro.
Run translation after you have completed all journal activity for an
accounting period. If you post additional journal entries or change your
translation rates after running translation for a period, you must retranslate.
Additionally, if you change the account type for an account segment value and
want to retranslate your actual account balances, you must re-enter or change
the period-end and average exchange rates for the periods you want to
retranslate.
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#3
(07-20-2014, 03:42 AM)Anumeha Manish Wrote:
(07-19-2014, 10:22 PM)Divya Omkar Wrote: What is the purpose of translation adjustment of account in oracle r12?
You can translate your actual and budget account balances from your functional
currency to another currency. If you have average balance processing enabled,
you can translate average, as well as standard, balances. If you want to report
financial results in Euro, you can use General Ledger's translation feature to
translate your account balances from your functional currency to Euro.
Run translation after you have completed all journal activity for an
accounting period. If you post additional journal entries or change your
translation rates after running translation for a period, you must retranslate.
Additionally, if you change the account type for an account segment value and
want to retranslate your actual account balances, you must re-enter or change
the period-end and average exchange rates for the periods you want to
retranslate.
Thanku.
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