| # Ledger Accounts by Translation Adjustment Scheme (tfgld5503m000) Use this session to specify the ledger accounts for which you want to perform the currency translation and link the rate types to the ledger accounts. Related topics FASB 52 Foreign currency translation To set up and perform FASB 52 Foreign currency translation Translation Adjustment Scheme The translation-adjustment scheme. Ledger Account The ledger account that must be translated to the reporting currency. Ledger Account The account's description. Exchange Rate Type The exchange-rate type that defines which exchange rates apply to the ledger account. The rate can differ per ledger-account type. Example
Account Type | Exchange rate type
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Balance Sheet | closing rate
Profit & Loss | average rate