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How to handle FX Variance caused by Push Downs in HFM?

1045292Oct 3 2013 — edited Oct 4 2013

Hello,

The users were asked to book an amount in August 2013 in goodwill account which was actually the Dec 2012 balance. Hence, there is FX Variance caused due the difference in rates in Aug Vs Dec.

So the business wants to book a journal to adjust the FX Variance without changing the original GL account balances.

We created a new C2 member for this adjustment where we originally had our Fx structure and wrote a rule so the member won't translate (as the adjustments are submitted in USD itself).

But the issue is when we book a journal to the account and use the new C2 "FxAdj" it is actually changing the balances. Please suggest how you handled similar situations in HFM.

Thanks,

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Locked on Nov 1 2013

Added on Oct 3 2013

#business-intelligence-applications, #financial-consolidation, #hfm, #performance-management-applications

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