Forum Discussion

btharris81's avatar
btharris81
New Contributor II
3 years ago

USD Override on Text 1

We have several equity accounts with "USDOverride" entered for Text 1 in the "Vary by Scenario Type And Time" section of the member properties. Those accounts are not translating from local currency to USD.  Any ideas why that would be?

Thanks!

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  • Cosimo's avatar
    Cosimo
    3 years ago

    Hey btHarris81,

    I suspect that these accounts with Text1=USDOverride are not translating because they are expected to use an inputted USD value (hence USD override). There is most likely another member within another dimension (i.e. either on a scenario or flow member) that looks at the Text1 property on accounts and then populates C#Translated with a USD override amount that is keyed in elsewhere. 

    Here is my setup for USD Overrides and copy rule: 

     

     

     

  • Cosimo's avatar
    Cosimo
    Contributor II
    3 years ago

    Hey btHarris81,

    I suspect that these accounts with Text1=USDOverride are not translating because they are expected to use an inputted USD value (hence USD override). There is most likely another member within another dimension (i.e. either on a scenario or flow member) that looks at the Text1 property on accounts and then populates C#Translated with a USD override amount that is keyed in elsewhere. 

    Here is my setup for USD Overrides and copy rule: 

     

     

     

    • btharris81's avatar
      btharris81
      New Contributor II
      3 years ago

      What would be the impact on your system if the Override was removed?

      • Cosimo's avatar
        Cosimo
        Contributor II
        3 years ago

        The accounts flagged with USDOverride would naturally translate using the current period FX rate. There are certain instances where a USD value should not vary over time (example: an investment in subsidiaries). If I invest XXX pounds to a foreign sub that translated to YYY USD when I originally performed the transaction, that YYY value should NOT fluctuate over time due to changes in monthly rates. The use of USD override turns off translation of such accounts and we get to use whatever USD value that's been inputted for same account.