Run a Currency Translation

An administrator has given you the Run Consolidation Tasks access right.

You can perform currency translation on an entity if you have Write access to this entity.

To run a currency translation, you must define the following items:

• Category

  Choose the type of reported data to which the amount to be translated is linked.

• Time

  Select the data entry period in which the amount to be translated was entered.

• Group/Entity

  Select the scope for which you want to run the translation. The translation is executed on the currencies defined in the Group dimension.

• Reporting Currency

  If you selected a base entity, this dimension is displayed, enabling you to select the currency in which you want to run the translation.

• Rate Entity

  If you selected a base entity, this dimension is displayed, enabling you to select the Rate Entity in which the exchange rates to be used are stored.

• Execution Mode

  You can perform a full translation, or you can update a previous translation by performing an incremental translation.

Additionally, before running a currency translation in Consolidation Monitor, you can select an available post logic script. The system will automatically execute the selected logic script after the translation is done.

To run a currency translation

1. In Consolidation  Consolidation Monitor, in the scope context area, select the Category, Time and Group dimension members for which you want to run the currency translation.

2. Select the row for the Group or Entity you require and click Translate Currency.

3. In the Translate dialog box, verify the selected dimension members and choose whether to run a full or incremental translation.

4. Click OK.