Currency Translation in HFM
Hyperion Tutorial Presented at Kscope13
Currency translation can be one of the most confusing parts of an EPM system. The accounting requirements can be intricate, each tool handles the process differently and distributing the results across systems can be tricky. The session will start with a short primer on accounting translation for non-accountants. Then the session will go into a detailed, technical review of the very different methods HFM and Essbase use to translate, highlighting the capabilities, strengths, and weaknesses of each.
Finally, the session will discuss the challenges you'll face (sharing data, avoiding duplicate translation) when building a multi-currency EPM system and the options for handling them.Currency translation can be one of the most confusing parts of an EPM system.