Hi Fhorvath,

Translation feature in Oracle is based on account balances being translated from a functional currency to a foreign currency (for reporting purposes). For Multi Reporting Currency (MRC) feature in Oracle, transactions (Journal Entries) are converted from a functional currency to a reporting currency (a foreign currency).

If you intend to start transacting from JAN-10, your balance sheet account balances from , say, your legacy system, which you would have transferred to your fresh install, will not initialize (will not show up) in JAN-10. Therefore, since Translation is done on Balance Sheet Account Balances, you cannot successfully run it for your first accounting period JAN-10.

That is why you, for a work around, you open an accounting period DEC-09 during which time you transfer your legacy balance sheet account balances before your main first transactional accounting period.

By the time you open JAN-10, some concurrent program would be run to initialize the beginning balance sheet account balances.

In short, you need to have a beginning balance sheet account balances for the account period you intent to run the TRANSLATION feature.

I should think that is why Hasan would like to have a word with his friend, Larry Ellison!