Foreign currency
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The document describes a foreign currency transaction management system that allows users to: select currencies for multi-national transactions from a world currencies screen; enter specific exchange rates for currencies on given dates or view historical exchange rate data; generate financial reports like balance sheets, income statements, and trial balances in multiple currencies for consolidated or isolated corporate entities; and view multi-currency transactions and financial positions through foreign currency reporting.
Foreign currency
- 1. ASI¡¯S FOREIGN CURRENCY TRANSACTION MANAGEMENT SYSTEM Foreign Currency Selection The currency management system provides transaction capabilities for multi-national operations. World Currencies screen. Foreign Exchange Rate Selection The currency exchange rates feature enables you to enter a specific rate for any currency on a specific date. The Reciprocal the historical exchange rate data can also be displayed. ? Copyright Argentto Systems, Inc. 2003¨C2010 All Rights Reserved Page 1 of 4
- 2. Exchange Rate History Review Historical Exchange rates by currency. Foreign Currency Reporting In ASI¡¯s Multi-Company GL, the user can isolate a corporate entity or consolidate an entire organization. ? Copyright Argentto Systems, Inc. 2003¨C2010 All Rights Reserved Page 2 of 4
- 3. Foreign Currency P&L Income Statements have the same attributes as the Balance Sheet (see below). Trial Balances are also represented in multiple currencies for period reconciliations. ? Copyright Argentto Systems, Inc. 2003¨C2010 All Rights Reserved Page 3 of 4
- 4. Foreign Currency Reporting Foreign Currency Reporting allows multi-currency views of transactions and financial position. ? Copyright Argentto Systems, Inc. 2003¨C2010 All Rights Reserved Page 4 of 4