Answer Posted / srikanth
Translation is used to translate an entire set of books or
balances for a company from the functional currency to a
foreign currency.
This feature can translate both actual and budget balances.
If the system have enabled average balance processing then
the system can translate average balances as well.
Translation is frequently used to prepare financial reports
for consolidation into global financial statements.
Translation uses periodic rates and, optionally, historical
rates.
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