How are the reporting rates used?

When you define a period rate for an accounting period, and optional account range, using Currency Period Rates (CNP), you can enter up to six conversion rates. The first is the conversion rate used for ledger transaction entry, and you can also enter up to five additional reporting rates.

The Financials report writing facilities can use these conversion rates to revalue account transactions and report in different currencies. Reports can also use them to consolidate details from subsidiary business units.

The Revaluation Rate fields in Financial Analysis Layouts, Financial Statement Layouts and Financial Table Columns allow you to enter a number in the range 1-6. One represents the primary period rate, entered in the Conversion Rate field on the General tab. Rates 2 to 6 represent the reporting conversion rates entered on the Reporting Rates tab. These rates may be used to revalue currencies on reports.