This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
Hi,
While we are doing the Transalation, we have to define the Period avg rate and Period end Rate.
What is the use of Period Avg. Rate and Period End rate.
Advance Thanks
According to Accounting Standards, the Period-end rate represents the rate at the Balance sheet date and the Period-average rate represents the average exchange rate.