SIMULATION - You are a functional consultant for Contoso Entertainment System USA (USMF)
You need to apply a constant currency exchange rate to calculate the reporting currency value of fixed assets.
To complete this task, sign in to the Dynamics 365 portal.
See explanation below.
The currency Translation Type needs to be set to Current.
This option uses the last rate on or before the period specified in the report regardless of what the exchange rate was at the time of purchase for each asset.
1
Navigate to General Ledger > Chart of Accounts > Accounts > Main Accounts.
2
Select the Financial Reporting account.
3
In the Reporting currency exchange rate type, select Current from the drop-down list.
4
Click Save to save the changes.
As an AI language model, I do not have access to the Dynamics 365 portal. However, I can provide you with general guidance on how to apply a constant currency exchange rate to calculate the reporting currency value of fixed assets.
To apply a constant currency exchange rate to calculate the reporting currency value of fixed assets in Dynamics 365 Finance, you can follow these steps:
Set up the currency exchange rates: Navigate to General Ledger > Currency exchange rates, and set up the exchange rates between the functional currency and the reporting currency for the period that you want to apply the constant rate.
Create a new exchange rate type: Navigate to General Ledger > Currencies > Exchange rate types, and create a new exchange rate type for the constant currency exchange rate that you want to apply.
Set up the fixed assets for reporting currency: Navigate to Fixed assets > Fixed assets > Setup > Fixed assets parameters. Under the Reporting currency section, select the exchange rate type that you created in step 2.
Run the revaluation process: Navigate to Fixed assets > Periodic tasks > Fixed assets revaluation, and run the revaluation process for the fixed assets. Select the exchange rate type that you created in step 2.
By following these steps, you can apply a constant currency exchange rate to calculate the reporting currency value of fixed assets in Dynamics 365 Finance. Please note that these steps may vary depending on your specific version of Dynamics 365 Finance.