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Translation Document Version: 1.0 Date: Nov 2000 Author: Debra Vandegrift

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Translation

Overview………………………………………………………………………………..2 Rates Used by Translation…………………………………………………………….2 Cumulative Translation Adjustment Account……………………………………….3 Translating Actual Balances…………………………………………………………..4 Translating Budget Balances………………………………………………………….5 Notes on Historical Rates and Amounts………………………………………………6 Notes on Owner's Equity Accounts……………………………………………………7 Account Type Translation Rule………………………………………………………..7 Choose the Translation Rule for Owners Equity Accounts………………………….8 Restating Balances Previously Translated with YTD Rule…………………………..8 Entering Period Rates…………………………………………………………………..9 Using Period Rates with European Monetary Union Currencies…………………..13 Running the Maintain Euro Period Rates Program…………………………………16 Entering Historical Rates………………………………………………………………17 Automatically Assigned Rate Type……………………………………………………21 Purging Translated Balances………………………………………………………….22 Reports………………………………………………………………………………….25 Profile Options…………………………………………………………………………27 Patches………………………………………………………………………………….28

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Translation is the process of translating account balances from your functional currency to another currency. This process translates balances only, it does not translate individual transactions. You can translate your actual and budget account balances from your functional currency to another currency. If you have average balance processing enabled, you can translate average balances, as well as standard balances. If you want to report financial results in Euro you can use General Ledger's translation feature to translate your account balances from your functional currency to Euro. Run translation after you have completed all journal activity for an accounting period. If you post additional journal entries or change your translation rates after running translation for a period, you must retranslate. Additionally, if you change the account type for an account segment value and want to retranslate your actual account balances, you must re-enter or change the period-end and average exchange rates for the periods you want to retranslate. Rates Used for Translation The rates used to translate account balances is determined by account type

Asset & Liability Accounts Period End Rates Revenues & Expense Accounts Period Average Owner's Equity Accounts Historical Rates or Amounts

These are the default rates used by General Ledger for the translation process. You can define an historical rate for ANY account. Once you define a historical rate for an account, the subsequent translations will try to find a historical rate for that account, and will not revert to automatically defaulting to the respective Period Rate or Period Average rate. You cannot run Translation in your first period. You must define a period prior to the first period you want to translate. You must also have a period defined following the period you want to translate. You must define Period rates and Historical rates before you run Translation. The first period that you translate for the very first time will be the earliest period that you can ever go back to retranslate. To run translation prior to the first period ever you will have to purge translate balances. After purging translated balances, you can go back and retranslate. If you have purged several periods, you must go back to the earliest period and retranslate every period consecutively. This is because you are typically using

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different rates to translate each period, and GL_BALANCES is being updated for each period's translated balances. The Cumulative Translation Adjustment account is a running total of the translation differences. (See Purging Translated Balances, page 21 ). Cumulative Translation Adjustment Account When you translate your actual balances into another currency, General Ledger automatically adjusts the balance of the Cumulative Translation Adjustment account to the net difference needed to balance your translated chart of accounts. If you have multiple companies or balancing entities within a set of books, General Ledger automatically adjusts the balance of the translation adjustment accounts of each company or balancing entity. General Ledger does not make balancing adjustments to this account when you translate budget balances. Translating Balances Prerequisites • Define a period in your calendar that precedes the first period you want to translate. • Define a period in your calendar following the period you want to translate. • Enter period and historical rates for your target currency.

(See Entering Period Rates, page 9 and Entering Historical Rates, page 17) • Review the setting of the profile option GL: Owners Equity Translation Rule. If

necessary, have you System Administrator change the setting. (See Profile Options, page 27)

• If you are translating budgets, define your source and target budgets.

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To translate actual account balances to foreign currency:

Responsibility: General Ledger Superuser Navigation: Currency/Translation Form Name: GLXFCXLT 1. Navigate to the Translate Balances window. General Ledger displays the Functional Currency for your set of books as the currency you are translating. 2. Select Actual for the Balance Type to translate. 3. (Optional) If average balance processing is enabled in your set of books, select a Usage:

Standard: To translate standard balances only.

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Average: To translate average balances only. Both: To translate both standard and average balances.

4. Mark the All checkbox to translate balances for all balancing segment values, or enter a single Balancing Segment Value for which you want to translate balances. 5. Enter the Target Currency to which you want to translate. You can choose any enabled currency other than your functional currency. 6. Enter the Period of the balances you want to translate.

Attention: The Period you enter the first time you translate actual balances will be the earliest period for which you can translate actual balances for any subsequent translations.

7. Choose the Translate button to begin a concurrent process to translate account balances. General Ledger displays the request ID (Req ID).

Additional Information: Translating both standard and average balances generates two separate concurrent requests; one to translate standard balances and one to translate average balances. Both request IDs will be displayed in the Req ID field.

To translate budget balances to a foreign currency: 1. Navigate to the Translate Balances window. General Ledger displays the Functional Currency for your set of books. 2. Choose Budget as the Balance Type to translate. If average balances are enabled for your set of books, the Usage field will display Standard and cannot be changed. 3. Mark the All checkbox to translate balances for all balancing segment values, or enter a single Balancing Segment Value for which you want to translate balances. 4. Enter the Target Currency to which you want to translate. You can choose any enabled currency other than your functional currency. 5. Enter the Period of the balances you want to translate. You can translate budget balances for any period regardless of the period you choose to translate first.

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6. Enter the Source budget whose account balances you want to translate, and the Target budget for which you want to calculate translated account balances. You can translate one source budget into one or more target budgets.

Attention: You should not translate more than one source budget into the same target budget for the same period and currency because each source budget translation will override the balances in your target budget. The budget year containing the period you are translating must be open in your source budget.

7. Choose the Translate button to begin a concurrent process to translate account balances. General Ledger displays the request ID (Req ID). Notes on Translation with Historical Rates and Amounts If you have defined historical rates or amounts in the Historical Rates window, General Ledger will select one of two amounts that is used to arrive at a translated balance for your account:

Account Balance: General Ledger uses the historical amount you’ve provided or translates the account using the historical rate you’ve provided, and uses the resulting amount as the YTD translated account balance. Net Activity: General Ledger uses the historical amount you’ve provided or translates the account’s net period activity using the historical rate you’ve provided, and uses the resulting amount as the translated net period activity for the account. The amount is added to the previous period’s translated balance to arrive at the current period’s translated balance.

The amount used depends on whether the account to which the historical rate or amount applies is a revenue/expense, asset/liability, or owners’ equity account:

Revenue/Expense: The amount is treated as translated net activity for the period.

Asset/Liability: The amount becomes the YTD translated balance for the account. Owners’ Equity: If the profile option GL: Owners Equity Translation Rule is set to PTD, the amount is treated as translated net activity for the period. If the profile option is set to YTD, the amount becomes the YTD translated balance for the owners’ equity account.

Notes on Translating Owners’ Equity Accounts

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General Ledger translates owners’ equity accounts in accordance with SFAS #52 (U.S.), using historical rates or amounts. Suggestion: Historical rates tend to be more precise than period-end rates with respect to owners’ equity accounts. Therefore, if you translate your owners’ equity accounts without defining a historical rate, General Ledger warns you that it used a calculated or period-end rate to perform translation. If you receive such a warning, we suggest that you define a historical rate and retranslate your balances using that rate. General Ledger uses one of the following translation rules, depending on the account type being translated. You can choose to use either of these rules to translate owners’ equity accounts. If you do not choose a rule, General Ledger uses the Period–to–Date rule. Account Type Translation Rule

Account Type Translation Rule Revenue and Expense Period–to–Date (PTD) Rule:

PTD (translated currency) = Rate X PTD (functionalcurrency)

Assets and Liabilities: Year–to–Date (YTD) Rule:

YTD (translated currency) = Rate X YTD (functionalcurrency)

To choose the translation rule to use for owners’ equity accounts: 1. Review the setting for the profile option GL: Owners Equity Translation Rule. There are two possible settings:

PTD: Owners’ equity is translated using the Period–to–Date rule.

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YTD: Owners’ equity is translated using the Year–to–Date rule.

Note: If you do not maintain historical rates in your set of books, General Ledger will create them for each period for which you translate your owners’ equity accounts, using:

– Period–average rates if you use the PTD rule. – Period–end rates if you use the YTD rule.

2. Have your system administrator set the profile option to the method your organization uses for translating owners’ equity. (See Profile Options, page 27). Restating Balances Previously Translated with the Year–to–Date Rule Older versions of General Ledger always translated owners’ equity accounts using the Year–to–Date rule. If you subsequently switch to the Period–to–Date rule, your owners’ equity accounts will be translated using this rule for new translations only. Previously translated owners’ equity balances will not change. If you wish, you can restate your previously translated owners’ equity balances. To restate your previously translated owners’ equity balances using the Period–to–Date rule: 1. Purge the old translated balances for each period to be restated. (Purging Translated Balances, page 22)

2. Change the GL: Owners Equity Translation Rule profile option to PTD.

3. For each period to be restated, use the Historical Rates window to delete the rates used to translate owners’ equity accounts, as follows: Retained Earnings: Delete any non–historical rates.

Other Owners’ Equity accounts: Delete any period rates.

4. Run translation. Your owners’ equity balances will be translated using the PTD rule. Entering Period Rates You can maintain period– average, period-end, and revaluation exchange rates for any foreign currency you have enabled. General Ledger uses: • Period– average and period-end rates when you translate your actual and budget

account balances. • The revaluation rate when you revalue account balances that are denominated in a

foreign currency. • Note: If you change a period rate after you’ve already run translation, you must retranslate your account balances for the period whose rate has changed.

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Warning: If your functional currency is that of a European Monetary Union (EMU) member state, you must create the EMU relationship for your existing currency before you enter period rates for any period that is the same as or which follows the period of your effective starting date in the EMU. For example, if your effective starting date is 04/20/1998, do not enter period rates for April or May of 1998 until you have created the EMU relationship for your existing currency. If you enter period rates first, you will have to delete those rates, then back out the effects of any journals that used the rates, before you create the EMU relationship. Otherwise, you can corrupt your General Ledger data EMU and Non– EMU Currencies EMU currencies, such as the French Franc, have a fixed exchange rate with the euro. General Ledger can calculate rates between EMU and Non– EMU currencies in a EMU functional currency set of books based on a euro to Non– EMU rate you specify. To do so, set the profile option: Allow Direct EMU/Non– EMU User Rates, to NO. Example: Set up a period rate for French Francs and the US Dollar. 1. Set the profile option, Allow Direct EMU/Non– EMU User Rates to NO. 2. You are entering a period rate in a French Franc set of books. 3. In the Period Rates window, specify the To Currency, in this example, USD. 4. Enter values for the Period Exchange Rate fields: Average and End. For each field, a pop– up window appears, allowing you to enter a euro to USD rate. 5. General Ledger automatically calculates the French Franc to USD rate based on the Euro to USD rate you entered, and displays it in the French Franc to USD field. 6. Choose OK to accept the General Ledger rate calculation for each of these fields. The calculate Average and End rates appear in the Period Rates window. 7. Proceed to the next period to enter period exchange rates. Prerequisite • Define and enable your currencies. • Define your set of books. • (Optional) Set the profile option: Allow User Rate Between EMU and Non– EMU to

No

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To enter a period rate:

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Responsibility: General Ledger Superuser Navigation: Setup/Currencies/Rates/Period Form Name: GLXRTPER 1. Navigate to the Period Rates window. 2. Enter the Currency you want to translate To. You can choose any enabled currency except the functional currency of your set of books, or STAT. General Ledger automatically displays the functional currency for your set of books as the From currency. 3. Choose the Balance Type to which the period rates apply. Enter Actual if you want to enter rates for your actual balances, or Budget if you want to enter rates for your budget balances. 4. Enter the accounting Period to which the rates apply. For actual balances, you can maintain period rates for any open, future-enterable, or closed accounting period. For budget balances, you can maintain period rates for any period up to the last period of the latest open budget year.

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5. Enter the Period– Average rate for the accounting period. General Ledger uses the period– average rate to perform currency translation. Typically, you use period– average rates to translate income statement accounts. If the profile option: Allow User Rate Between EMU and Non– EMU is set to No, a pop– up window appears. Enter the euro to EMU or EMU to euro rate. General Ledger calculates the EMU to Non– EMU rate. Choose OK to accept the calculated rate.

Note: You must be entering a period rate to a non– EMU currency in a EMU functional currency set of books. Enter the rate that you multiply your functional currency amount by to determine the foreign currency equivalent. For example, if your functional currency is USD (U.S. Dollars) and you want to translate your balances to JPY (Japanese Yen), enter 126.275 if the average exchange rate is 126.275 yen per dollar.

6. Enter the Period-End rate for your accounting period. General Ledger enters the inverse of the period– end rate as the revaluation rate. If you want, you can skip the period-end rate and enter the revaluation rate directly. General Ledger uses period-end rates to perform currency translation. Typically, you translate balance sheet accounts using period-end rates. Enter the rate that you multiply your functional currency amount by to determine the foreign currency equivalent. For example, if your functional currency is USD (U.S. Dollars) and you want to translate your balances to JPY (Japanese Yen), enter 126.87 if the period-end rate is 126.87 yen per dollar. If the profile option: Allow Direct EMU/Non– EMU User Rates is set to No, a pop– up window appears. Enter the euro to Non– EMU rate. General Ledger calculates the EMU to Non– EMU rate. Choose OK to accept the calculated rate.

Note: You must be entering a period rate to a non– EMU currency in a EMU functional currency set of books.

7. If you did not enter a period– end rate, enter the Revaluation rate. General Ledger enters the inverse of the revaluation rate as the period-end rate. General Ledger uses the revaluation rate when you run revaluation. Using Period Rates with European Monetary Union Currencies General Ledger is able to derive certain period– average and period– end rates when the to– currency has a euro, EMU, or Interim EMU currency . In all other cases, you must specifically enter the appropriate rates using the Period Rates window. The tables below summarize those situations when you must enter rates versus those where General Ledger is able to derive the rates. Note: You cannot change derived rates.

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Period– Average Rates Currency Derivation of Currency Derivation of To-Currency From-Currency (Note 4) Other Euro EMU Interim EMU Other Entered Entered

(Note 1) Derived (Note 1)

Entered

Euro Entered N/A Derived (Note 2)

Entered

EMU Entered Derived (Note 2)

Derived (Note 2)

Entered

Interim EMU Entered Entered Entered Entered Period– End Rates Currency Derivation of Currency Derivation of To-Currency From-Currency (Note 4) Other Euro EMU Interim

EMU Other Entered Entered

(Note 1) Derived (Note 1)

Entered

Euro Entered N/A Derived (Note 2)

Derived (Note 3)

EMU Entered Derived (Note 2)

Derived (Note 2)

Derived (Note 2)

Interim EMU Entered Derived (Note 3)

Derived (Note 3)

Derived (Note 3)

Notes 1. After you close the Period Rates window, General Ledger runs the Maintain Euro Period Rates program. This program creates all of the derived rates noted in the table, based on the period– average and period– end rates you’ve entered. See: Running the Maintain Euro Period Rates Program: page . 2. Rate are derived automatically when you open a new period or a new budget year. Also, every time you add or change an EMU currency, you should run the Maintain Euro Period Rates program to update your derived period rates.

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3. The rate is derived from the Period Rates window when you enter the period– average rate for the period. 4. The from–currency is also your set of books’ functional currency. Currency Derivations General Ledger recognizes four currency derivations that can result depending on the value of the Currency Derivation Type and Currency Derivation Effective fields of the Currencies window. These currency derivations are summarized in the table below. Currency Derivation

Currency Derivation Type

Currency Derivation Effective

Examples and Notes Other Null (Blank) N/A USD, JPY, AUD, etc.

Currencies of countries that are not members of the European Monetary

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Union. Note: National currencies of EMU member states are treated as having a currency derivation of Other for periods preceding their effective starting date in the European Monetary Union.

Euro Euro Currency

N/A EUR The official single currency of the European Monetary Union.

EMU EMU Derived

Any day of the Effective Starting period.

FRF, DEM, BEF, etc. Period Rates Note: National currencies of EMU member states for all full periods following the effective starting date are considered to have a currency derivation of EMU.

Interim EMU

EMU Derived

Other than first day of the effective starting period.

FRF, DEM, BEF, etc. Period Rates Note: National currencies of EMU member states for the effective starting period are considered to have a currency derivation of Interim EMU. Note: Applies only when the effective starting date is not the first day of the period. Also, the currency derivation is only in effect for the first period. It becomes EMU for all subsequent periods.

Running the Maintain Euro Period Rates Program The Maintain Euro Period Rates program creates derived period– average and period– end rates based on the period rates you’ve entered. For actual balances, the program creates derived rates for all closed, open, and future– enterable periods in your current set of books. For budget balances, the program creates derived rates for all periods up through the last period of the latest open budget year. You must run the program through standard request submission (Submit Request window) whenever you add or change an EMU currency.

Note: The Maintain Euro Period Rates program requires no parameters. The Maintain Euro Period Rates program runs automatically in the following situations:

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• Entering Period Rates: When you use the Period Rates window to enter period rates from an Other currency to the Euro currency, the Maintain Euro Period Rates program will run automatically after you close the Period Rates window.

• Opening Periods: If your set of books’ functional currency is the Euro or an EMU

currency, the Maintain Euro Period Rates program will run automatically after you open your first or subsequent accounting periods.

• Opening a Budget Year: If your set of books’ functional currency is the Euro or an

EMU currency, the Maintain Euro Period Rates program will run automatically after you open your first or subsequent budget years. Derived rates will be created for each period in your budget year.

Entering Historical Rates Enter historical rates or amounts for translating actual and budget account balances. You can enter rates for any foreign currency you have enabled. You can assign historical rates to accounts, either individually or by range. Generally, you enter historical rates only for specific balance sheet accounts. For example, you can use historical rates to translate non–monetary and selected owners’ equity account balances. If you have average balance processing enabled for your set of books, you enter separate historical rates for standard and average balances for specific balance sheet accounts.

Note: If you change a historical rate after you’ve already run translation, you must retranslate your account balances for the period whose rate has changed.

Prerequisites • Define and enable your currencies. • Define your set of books.

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To Enter a historical rate for a specific account:

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Responsibility: General Ledger Superuser Navigation: Setup/Currencies/Rates/Historical Form Name: GLXRTHST 1. Navigate to the Historical Rates window. 2. Enter the Target Currency for which you want to enter rates. You can enter any foreign currency as the Target Currency. 3. Enter the Period to which the historical rate applies. 4. Enter the Account to which the rate applies. 5. Enter either a Rate or Amount.

Note: Data entry for this window assumes you are entering a credit amount (a positive number for a credit amount, a negative number for a negative credit amount).

6. If you have average balance processing enabled, choose a Usage type to apply the rate to Standard or Average balances.

Additional Information: You can use the Assign by Ranges window to define the same rate for both standard and average balances. Note: If average balance processing is not enabled in your set of books, the usage field will not appear in the Historical Rates window.

7. Select Historical as the Rate Type. General Ledger overrides the period-end rate, if one exists, with rates associated with this type.

Note: If you have average balance processing enabled, General Ledger will automatically enter Historical as the Rate Type.

8. Save your work. 9. Produce a Historical Rates Listing to see your historical rates, amounts and weighted-average rates.

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To enter a historical rate for a range of accounts:

Responsibility: General Ledger Superuser

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Navigation: Setup/Currencies/Rates/Historical/Assign by Ranges Form Name: GLXRTHST 1. Navigate to the Historical Rates window. 2. Enter the Target Currency for which you want to enter rates. You can enter any foreign currency as the Target Currency. 3. Choose the Assign by Ranges button. 4. Enter the Period, Rate or Amount, and Rate Type just as you would for individual accounts.

Note: If you have average balance processing enabled, the Rate Type field will not appear. Note: Data entry for this window assumes you are entering a credit amount (a positive number fo a credit amount, a negative number for a negative credit amount).

5. (Optional) If average balance processing is enabled, select a Usage type to apply the rate to Standard, Average, or Standard & Average balances. 6. Enter an account Low and High for the range you want to assign the defined rate. You can assign the same rate to multiple account ranges. 7. Choose OK when you have entered all the ranges for the period, rate, and rate type. 8. Save your work. General Ledger runs a concurrent process to assign historical rates to the accounts in the designated ranges. 9. Produce a Historical Rates Listing to see your historical rates, amounts and weighted-average rates.

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Automatically Assigned Rate Types If you translate an owners’ equity account for which you have not entered a historical rate for the period and to– currency, or an asset or liability account for which you have entered a previous historical rate, General Ledger automatically creates a historical rate and assigns it one of the rate types listed below. The information below also describes how General Ledger derives the historical rate it uses for the period and to– currency:

Responsibility: General Ledger Superuser Navigation: Setup/Currencies/Rates/Historical Form Name: GLXRTHST

Prior: General Ledger uses the most recently entered historical rate or amount for your balance sheet accounts, and assigns it the rate type Prior. If you have average

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balance processing enabled, General Ledger rolls this historical rate or amount forward using the rate type Prior. Period: If you have never defined a historical rate or amount for an owners’ equity account, General Ledger uses:

The period– average rate if the profile option GL: Owners Equity Translation Rule is set to PTD. The period-end rate if the profile option GL: Owners Equity

Translation Rule is set to YTD.

In both cases, General Ledger assigns the rate type Period.

Calculated: This rate type is only used when the profile option GL: Owners Equity Translation Rule is set to YTD. It is only applicable to the first period of your fiscal year. If you have never defined a historical rate or amount for your retained earnings account, General Ledger calculates a rate and assigns it the rate type Calculated.

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Purging Translated Balances

Responsibility: General Ledger Superuser Navigation: Setup/System/Purge Form Name: GLXSTPRG 1. Select the 'Translated Balances' tab.

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2. Select the currency. 3. Select the period. 4. Click Purge button. Reports Historical Rates Execution Report Review the historical rates, amounts or weighted-average rates you assigned to individual accounts or ranges of accounts. You define rates or amounts to translate both actual and budget account balances. Generally, you enter rates only for specific balance sheet accounts. However, if you need to perform dual currency reporting, you may also need to enter rates for certain income statement accounts. The report prints the accounting period and currency for which yhou defined rates or amounts. It prints the ranges of accounts and the individual accounts which have been assigned rates or amounts. Finally, for individual accounts, the report prints the concatenated description. General Ledger automatically generates this report when you define historical rates, amounts or weighted-average rates. Translated Trial Balance Report Review your account balances and period activity after running translation. General Ledger prints a separate page, including totals, for each balancing segment value, listing accounts in ascending order by account segment value. For each translated account, the report prints the description of the account segment value, account type, beginning balance, debits and credits, rate adjustment, and ending balance. Parameters When you request this report, General Ledger prompts you to enter the following:

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From/To Balancing Segment: Enter the range of balancing segment values for your report. Currency: Choose any currency other than your functional currency or STAT, General Ledger prints account balances translated to the foreign currency you specify. You must run foreign currency translation before you can report to translated account balances. Period: Choose any open accounting period for which you ran translation. Select Headings: Refer to the selected heading descriptions below for additional information. Account: description of you account segment value. Accounting Flexfield: line for each account Account Type: one of the following account types for each account: A: Asset L: Liability O: Owner's Equity R: Revenue E: Expense The account type is determined by the account segment of the account.

Rate Adjustment: adjustment resulting from period rate differences between the reporting period and the previous period. General Ledger marks each line with an asterisk if the account balance requires retranslating as the result of posting activity or rate change.

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Profile Options GL: Owners Equity Translation Rule Specify the rule General Ledger follows to translate owners' equity accounts when you have not entered specific historical rates or amounts. The following values are available:

PTD: The Period-to-Date rule is used to translate owners' equity accounts. For each period for which you translate owners' equity accounts, the historical rate is set to the period-average rate. YTD: The Year-to-Date rule is used to translate owners' equity accounts. For each period for which you translate owners' equity accounts, the historical rate is set to the period-end rate.

The default value for this profile option is PTD. You can only view this profile option at the user level. You System Administrator must set this profile option at the site, application , or responsibility level. Currency: Allow Direct EMU/Non-EMU User Rates Use this profile option to allow a General Ledger to derive an exchange rate between an EMU and Non-EMU currency, based on a rate you enter between the euro and a Non-EMU currency. This profile option applies to the Enter Journals and Period Rates windows only. All EMU's have a fixed exchange rate with the euro. Floating rates exist only between euro and Non-EMU currencies. Period Rates window: Set the profile option to No and navigate to the Period Rates window in your EMU functional currency set of books. You can enter a euro to Non-EMU rate for the fields Average and End. General Ledger calculates a rate between the EMU and Non-EMU currency for the period. The default value for this profile option is Yes. You can set this profile option at the user level. Or, Your System Administrator can set this profile option at the site, application or responsibility or user level.

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Patches 1115935 Euro-Run Maintain Euro Period Rate Program Errors ORA-1407 (11.0) This patch is to fix Oracle error detected in gltmoth() - ORA-1407 cannot update ("GL"."GL_TRANSLATION_RATES"."UPDATE_FLAG") to null This was happening when period rate is defined for actuals but not for budget or vice versa. 678691 is included as a prerequisite for this patch.