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Translating equity at the historic rate (BPC 7.5 NW)

Hello,

For group reporting purposes, our accounting policy is to state our consolidated equity at historic rates. That means that net assets of all subsidiaries are translated to GBP at the closing rate and the income statememt of all non-GBP subsidiaries are translated at the yearly average rate. The equity for all non-GBP is not re-translated but the difference between the equity at the closing rate and the equity at the historic rate is posted to FCTR in reserves.

Anyone has any idea how to implement this in BPC?

Thank you.

Former Member
Former Member replied

Hi...use below as reference and setup rules in currency conversion table.

Source flow, Destination account, Destination flow, Formula

F_999(closing),empty,empty,END

F_100(Opening),empty,empty,OPEEND

F_100(opening),FCTR account,F_180,END-OPENED

F_120(Additions),empty,empty,AVG

F_120(Additions),FCTR account,F_280,END-AVG

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