Currency Translation of Opening Balances

Currency Translation Code C

When using currency translation code C, the converted amount from the previous year is copied to the actual year. If there is no amount to copy from the previous year (not even zero), any local amount for the actual year is currency converted using the closing rate from the previous year instead. In some cases the zero from the previous year can be copied to the actual year.

For more information, see Special Rules for Currency Translation Code C

Currency Translation Code I

When using currency translation code I, the rate ratio you get from comparing the converted amount from the previous year with the local amount from the previous year, is used to convert the local amount for the actual year. If there is no amount to use from the previous year (if the local amount or the converted amount or both are missing), the local amount for the actual year is converted using the previous year’s closing rate.