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What are the rules for translation?
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Answer / 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.
| Is This Answer Correct ? | 4 Yes | 1 No |
translation is a reporting tool, which is used to translate
accounting balances or transactions from functional
currency to froeign currency..
THE RULES OF TRANSLATION..
u cannot enter the jornals in first period..
why beacause this is the rule of FASB(financial accounting
standard board)..
the next and future period should be open.
ex:- jan
feb----enter transactions
mar--open
| Is This Answer Correct ? | 2 Yes | 1 No |
Hi Friends i Completed my M.Com in 2007 From Osmania University I learn Oracle Financials. Can i get the job offers as a fresher? I have only year exp. in C.A. Firm so can i get the job? Plz send me suggistions. Thanks Dear friends.
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