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Currency conversion setup

    Question

  • We have 5 separate entities in our model and they're each setup with a default currency of USD.  All GL data comes into PPS as USD, even the foreign entities.  However, we need the ability to report the foreign entities in their native currency (e.g. GBP, EURO, etc.).  I currently have a financial model without shares setup plus an exchange rate model.  Can someone provide some insight how this requirement can be handled in PPS?

     

    Thanks!

    Friday, November 21, 2008 1:01 PM

Answers

  • Hi,

    This should not be a problem. For your Model select the reporting Currency as USD in model properties. Then configure an Exchange Rate Model and provide the Exchange Rate information based in Source Currency (USD) to Destination Currency (GBP, EURO etc.). Assign this Exchange Rate model to your current model and configure Currency Conversion job for each currency (i.e. GBP, EURO etc..).

    Let me know if it makes sense.

    Thanks,
    Ajay

    http://ppsinfo.blogspot.com/
    Friday, November 21, 2008 1:20 PM

All replies

  • Hi,

    This should not be a problem. For your Model select the reporting Currency as USD in model properties. Then configure an Exchange Rate Model and provide the Exchange Rate information based in Source Currency (USD) to Destination Currency (GBP, EURO etc.). Assign this Exchange Rate model to your current model and configure Currency Conversion job for each currency (i.e. GBP, EURO etc..).

    Let me know if it makes sense.

    Thanks,
    Ajay

    http://ppsinfo.blogspot.com/
    Friday, November 21, 2008 1:20 PM
  • So when I assign the Exchange Rate model to my current model, I'm assuming you're suggesting that the converted data will report out of my base financial model?

    Friday, November 21, 2008 1:24 PM
  • Yes.
    Friday, November 21, 2008 1:29 PM