To better serve global enterprises managing multiple legal entities with different currencies, we propose an enhancement to the Consolidations module. This enhancement will focus on incorporating comprehensive IAS 21 (International Accounting Standard 21) compliance features, specifically the use of weighted average exchange rates for Profit and Loss (P&L) accounts, computed according to the selected reporting period.

The weighted average exchange rate should be calculated based on the specified periods (yearly, quarterly) that the company selects. This rate will be derived from the transactions recorded within the designated period and computed as the average exchange rate over that time frame.