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icon2.gif  Historical Rate [message #281973] Tue, 20 November 2007 03:49 Go to next message
Messages: 42
Registered: September 2007
Location: bangalore


could you explaine some thing about histroical Rate.

What is historical rate and etc..

Thx. and regards,

[Updated on: Tue, 20 November 2007 05:04]

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Re: Historical Rate [message #282347 is a reply to message #281973] Wed, 21 November 2007 11:18 Go to previous message
Messages: 1
Registered: September 2007
Location: HYD
Junior Member

Enter the Period-Average rate for the accounting period. General Ledger uses
the period-average rate to perform currency translation. Typically, you use
period-average rates to translate income statement accounts.
Enter the Period-End rate for your accounting period. General Ledger enters the
inverse of the period-end rate as the revaluation rate. If you want, you can skip the
period-end rate and enter the revaluation rate directly.
General Ledger uses period-end rates to perform currency translation. Typically, you
translate balance sheet accounts using period-end rates.
Enter historical rates or amounts for translating actual and budget account balances. You
can enter rates for any foreign currency you have enabled
Generally, you
enter historical rates only for specific balance sheet accounts. For example, you can use
historical rates to translate non-monetary and selected owners’ equity account balances
shiva arutla

[Updated on: Wed, 21 November 2007 11:19]

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