Overview

Translation is a sub-module of Global Finance. The translation process enables the general ledger of a company to be reported in a different currency, using a user-specified exchange rate or a combination of rates.

Definition of terms

• Local currency - The base currency of the subsidiary.
• Functional currency - The processing currency of the main organisation.
• Presentation currency - The currency in which the company is legally required to report.
• Translation currency - The presentation or functional currency that the local currency will be converted to.

Integration

You can use the Translation module with the Global Finance Consolidations module, or by itself.

The module also integrates with the Foreign Currency module.

• Consolidation Company Mapping
• Generate Consolidation
• Customise Reporting Exchange Rates
• Reporting Currency Rates