What is Application Default Currency used for?

Hi,
Can anybody tell me what is the use of Application Default Currency when it is mandatory to assign every entity a currency?

This is not exactly correct. The application currency in HFM is only used as a last resort for triangulating to between the source and target currency. True, it is usually the default currency for the application, but it does not have to be.
Refer to the Translation process in chapter 6 of the HFM user guide for full details on this.
For anyone who used Hyperion Enterprise, the default currency in Enterprise is the currency used when no specific currency has been attached to an entity. In HFM this is not the case at all since you must attach a currency to every entity.
--Chris                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

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