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Sun Documentation -
General Ledger
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Page 9 of 17
Other Model
If you do not need to conform to GAAP or euro regulations, then the Base currency can be defined as the pivot; in this case the third value can be either Second Base or Reporting currency. In practice if Base is the pivot then Value 3 will usually be the Reporting currency.We could use the example of an Australian subsidiary of a Hong Kong company. The Base currency is Australian dollars and acts as the pivot currency and the Reporting currency is Hong Kong dollars. In this scenario the subsidiary would take to exchange risk against the local currency and the parent company is taking the risk between the local base currency and the Reporting currency.  The Key field and their selections are listed below along with the relevant tabs inside the Business unit Setup form:
Pivot Currency (General)
| Base currency value.
| Base Currency Name (Value 1)
| Enter the name of the base currency.
| Base Currency (Value 1)
| Enter the base currency code.
| Base Currency Post Rule (Value 1)
| Select Calculated if Not entered from the drop down list.
| Base Currency Amount balancing (Value 1)
| Select Automatic from the drop down list.
| Other Currency Name (Value 2)
| Enter Transaction Currency – as Value 2 is a multi-code value the individual currencies will be entered at the Ledger entry or Import stage.
| Other Currency Post Rule (Value 2)
| Select Calculated if Not Entered from the drop down list.
| Other Currency Amount Balancing (Value 2)
| Select Manual from the drop down list.
| Value 3 Currency Name
| Enter the name of the currency, for example HKD
| Value 3 Currency Code
| Enter the currency code.
| Value 3 Currency Post rule
| Select either Always Calculated.
| Value 3 Currency Type
| Select Reporting Currency from the drop down list.
| Value 3 Cur Amount Balancing
| Select Automatic from the drop down list.
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Sun Documentation 
