1. Support Desk.
  2. Rules
  3. ERP Armor: Rules for ERP Cloud

What are the risks related to the FC130 rule related to Maintain GL Balances?

 Translated GL balances are often used for external reporting or uploading to a consolidation layer (GCS or another product like Hyperion).  Improperly timed translations (before all journal entries are entered or before period rates are entered) could cause a misstatement in foreign currency financial statements or consolidated financial statements.