Prepare Translation

Form ID: (CM501000)

You can use this form to generate a translation by using the selected translation definition or the list of rate types and rates related to the translation for the specified financial period and translation definition. As a result of this processing, a translation worksheet is created. For details, see Translation of Financial Statements: General Information.

Note: This form is available only if the Translation of Financial Statements feature is enabled on the Enable/Disable Features (CS100000) form.

Form Toolbar

The form toolbar includes standard and form-specific buttons and commands. For the list of standard buttons, see Form Toolbar and More Menu. The form-specific commands are listed in the following table.


Button	Description
Create Translation	For the selected financial period, generates the translation worksheet that translates the account balances by using the currency rates effective on the selected date and the rules of translation specified in the selected translation definition.

Selection Area

You can use the elements in this area to select a translation definition and a period for the translation to be prepared.


Element	Description
Fin. Period	The period for which the translation is performed.
Last Fin. Period	The period when the previous translation with this translation definition was performed.
Translation ID	The identifier of the translation definition, which has been defined on the Translation Definition (CM203000) form, to be used for preparing the translation. If the default translation definition is specified in the Data Entry Settings section of the Currency Management Preferences (CM101000) form, the system automatically inserts this translation definition as the default one in this box.
Currency Effective Date	The effective date for the currency exchange rates to be used in translation. The default value is the last date of the selected financial period; you can override it.
Description	The description of the prepared translation. By default, this box contains the description of the selected translation definition. You can override it, if needed.
Branch	Read-only. The branch of the company. If this box is empty, the translation is performed for all branches of all companies. The system fills in this box with the branch specified on the Translation Definition form for the selected translation definition. This box appears on the form only if the Multibranch Support feature is enabled on the Enable/Disable Features (CS100000) form.
Source Ledger	Read-only. The ledger that holds the records to be translated. If the ledger is of the Actual type, the translation is performed from the base currency. If the ledger is of the Reporting type, the translation will be performed from one foreign currency to another. The system fills in this box with the source ledger specified on the Translation Definition form for the selected translation definition.
Destination Ledger	Read-only. The destination ledger of the Reporting type to store the results of translation. The system fills in this box with the destination ledger specified on the Translation Definition form for the selected translation definition.
Source Currency	Read-only. The currency from which the translation will be performed. The system fills in this box with the currency assigned to the source ledger on the Ledgers (GL201500) form.
Destination Currency	Read-only. The currency to which all the amounts should be translated. This is the currency assigned to the destination ledger on the Ledgers form.

Table

This table displays the list of exchange rates that will be used for the translation being prepared for the specified period.


Column	Description
Currency Rate Type	The rate type used for the translation.
Description	The description of the rate type.
From Currency	The currency from which the translation is performed.
To Currency	The currency to which the translation is performed.
Currency Effective Date	The date on which the used rate became effective.
Currency Rate	The exchange rate used for the translation.
Mult./Div.	The arithmetic operation to be used with the rate for currency conversion. For details, see Configuration of Rate Types and Rates: General Information.
Rate Reciprocal	The inverted currency rate, which is shown for informational purposes only.