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Currency translation of the Retained Earnings accounts for each year in Financial Reporting

Yumi Miyoshi on 10/4/2018 2:21:20 AM

There is a limitation with translation of the Retained Earnings account. Most users expect each year’s adjustment to RE to be translated at the rate that exists at the end of that given year. However the entire RE balance is translated at the rate that exists at the end of the most recent year closed. In other words, each year’s data is not translated at that year’s rate.

Category: Financial reporting
STATUS DETAILS
Completed
Ideas Administrator

Administrator on 1/3/2020 9:14:26 PM

Thank you for your feedback.

We released this feature in preview with the 10.0.7 release. You can see some information in the release plans, otherwise formal documentation will be available on docs.microsoft.com in the next few weeks.

Please refer to the following link for more information:

https://docs.microsoft.com/en-us/dynamics365-release-plan/2019wave2/dynamics365-finance/retained-earnings-calculation-enhancements-financial-reporting-when-using-currency-translation

 

Sincerely,

Ryan Sandness

Microsoft.