BCS - Re-translation of the balance sheet rates

Hello colleagues,
I have a question regarding the transalation of balance sheet rates in a BCS system.
Concerning foreign currency translation in SAP BCS system:
The current plan for SAP go live is to translate items in the income statement at the daily transaction rate in SAP and then re-translate the balance sheet only at the month end closing rate in BCS for Group reporting purposes in EUPO.
There is some disagreement on this approach - one opinion is that we should use BCS to re-translate our income statement at the monthly average FX rate and the balance sheet at the closing rate.
Would it be possible to advise on the best approach?
Kind regards,
David

This is a choice for the group accountants / users, not the implementaiton team.
You can tell them that either is possible in BCS, which one do they want?
As Dan says USGAAP has a specific requirement, do they report in USGAAP or IFRS (or something else)?
I have seen both solutions.

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BCS - Re-translation of the balance sheet rates

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