Hi everyone
Currently, the company I work for still uses AX 2009, but we will upgrade within the next 6 months. One of the big improvements we see is exchange rate management in AX. The company operates internationally, has multiple functional currencies and needs to consolidate to IFRS standards. That means that the P&L needs to be converted using the month's average spot rate, the balance sheet needs to be converted using the period-end closing rate and the fixed assets need to be converted using the rate on the date of acquisition, although that last one is somewhat optional.
I know that in AX 2012 you can define many different exchange rates, but in Management Reporter can you do any of the following things:
- per account determine the specific exchange rate you'd want to use. So, in a Trial Balance report in reporting currency, can I set my P&L accounts to be translated using an exchange rate I call P&L Spot, while in the same report I translate my Balance Sheet using an exchange rate I call BS Dec Rate.
- per account determine the specific exchange rate I'd want to use and then aggregate these while loading into MR. For my Total Fixed Assets, for each Fixed Asset account I'd want to use a specific rate at the time of acquisition.
Any examples, advice, lessons learned or clarification points would be greatly appreciated.
Yours
Abaw