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Consol. Translation Method

asahasah Member Posts: 59
edited 2010-08-10 in NAV/Navision Classic Client
Can someone tell me what NAV recommends for the Consol. Translation Method for each account type?

Comments

  • ssinglassingla Member Posts: 2,973
    NAV will not recommend but it will be defined according to the nature of account and rules of the land.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • asahasah Member Posts: 59
    Can you provide any guidance?
  • ssinglassingla Member Posts: 2,973
    For Fixed Assets, Long Term investment, Share Capital it is normally historical rate. For Other Assets and Liabilities (mostly which are current assets and liabilities) it is closing rate. For P&L it is Average Rate. For retained earnings Composite/Equity Rate.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • asahasah Member Posts: 59
    Thanks ssingla, this was very helpful.
  • hartford10hartford10 Member Posts: 4
    An answer for your question is that NAV is not necessary for the account and the work can be progress effectively without any trouble without that also.
    agence de traduction
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