Controls Features and Functions
|
- Complies with generally accepted accounting principles (GAAP)
- Automatically determines unrealized gain or loss due to fluctuations in currency rates
- Remeasurement and revaluation processing
- Import process also cross-references accounts and converts currency
- Revaluates foreign currency accounts
- Compliance with section 1650 of the CICA handbook regarding unrealized and realized gains in foreign exchange
- Foreign exchange gain/loss for reporting
- Separate management reporting from statutory reporting. As a result management reporting would be created using information from different legal entities
- Defines different rate options including daily, period end, historical, and weighted average
|
|
Multicurrency Capabilities Features and Functions
|