Balance Sheet translation at spot rate at ANY point in time

My client produces its financial accounts in AUD.  They will have open items in AR, AP and Bank in foreign currencies.  WITHOUT running periodic valuation they wish to produce a Balance Sheet at any point in time during the month applying the applicable daily spot rate to valuate the Foreign Currency open items (for reporting purposes only).  I have run S_ALR_87012284 and maintained the special evaluations tab for Display Currency (AUD), Key date for translation (current date) and exchange rate type (spot rate type).  However, this does not appear to be revaluating the open items in the subledger accounts to produce the balance sheet at the current spot rate.  Appreciate input / alternate approach.  Cheers, Dean.

Hi Chirag
As per Oracle following are the rules that has to be followed for translation.
1. For Balance Sheet Accounts (Asset & Liabilities) GL as a default uses the YTD rule.
2. For P&L Accounts you can choose between YTD and PTD rule. So in your case you can use the default PTD Rule. (Profile Option 'GL Translation: Revenue/Expense Translation Rule')
YTD Rule = (Translated Period Amount = Period-End Rate x YTD Ledger Currency Balance - Beginning Translated Balance).
PTD Rule = (Translated Period Amount = Period Average Rate x PTD Ledger Currency Balance)
Hope this helps.
Regards,
Gautam
Edited by: Gahlout on Sep 25, 2012 11:04 PM

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