Currency

The system uses the local currency level to calculate all entries.

The system converts the entries to reporting currency by using the appropriate foreign exchange rates.
Unit level reports appear in local or reporting currency by selecting the appropriate currency in the Control Center.
Consolidated and sub-consolidated level reports appear in local or reporting currency as long as all the units have the same assigned currency code.
The system automatically computes a currency translation adjustment by using the foreign exchange rates entered for the unit. The currency translation adjustment appears in the appropriate reports.