We deliver a solution where all changes are married against existing stuctures and any retained data. This means the output is one that should be familiar to the customer, but that now sits against a new base currency and is producing a new currency output and reconciliation of new currency results in prior reported periods, including audit trail for auditor sign off.
We implement a global setting change to the application and consolidation which forces change action against:
- forex rates and triangulation of old rates to new rates
- group journals (where listed in old base currency and being used)
- investment elimination template and producing updated entries and exchange rate entries that reconcile in the new base currency.