The Closing Rate in consolidations should be directly tied to the Consolidation parameters such that it auto-populates based on the Consolidation Period Ending Date. Right now the closing rate must be manually keyed in before running the consolidation process, which gives rise to greater risk of human error.
Comments
Further to this adding Closing Rate, Average Rate and Last Closing Rate, on the Run Consolidation on Report Request page 90 would provide a validation of the rates without needed to verify in on each Exch Rate page (3) on each entity.
Category: Financial Management