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What Are The Requirements To Perform Simple Currency Conversions And Complex Currency Conversions?

Answer»

Simple Conversion: 

  • There should be a Rate application where you STORE the exchange rates.
  • You should have an account dimension, which includes RATETYPE.
  • Entity dimension should include a PROPERTY CURRENCY.
  • FXTRANS logic should be available and DEFAULT logic should include a call to FXTRANS logic.
  • Entity dimension should include the property TRANSALATE_TO. 

COMPLEX Conversion:

  • There should be a Rate application where you store the exchange rates.
  • Application should CONTAIN a CURRENCY type dimension.
  • There should be property REPORTING for the CURRENCY dimension.
  • Entity dimension must include the property CURRENCY.
  • Account dimension must include property RATETYPE.
  • FXTRANS logic should be available.
  • DEFAULT logic should include a call to FXTRANS logic.

Simple Conversion: 

Complex Conversion:


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