Question (cont)
I have entities consolidated into EUR parents for local GAAP reporting (including journals in C#OwnerPostAdj). The data (C#Local and C#OwnerPostAdj) is copied into a separate scenario for US GAAP reporting. However, I need to consolidate into USD parents. How can the data in C#OwnerPostAdj get converted from EUR to USD?
Answer
- Based on information in the question, you would use an alternate hierarchy for US GAAP that has USD parent members but using the same base entities.
- As you seed the data between scenarios, you will need to translate the EUR OwnerPostAdj values into USD.
- You will need to consider in your seeding logic the fact that the OwnerPostAdj postings are parent/child specific.
- The target parent/child relationship will be different to the source parent/child relationship
- However, you should be able to manage this using, for example, a sensible parent entity naming convention.
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