Currency Conversion
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vision Oracle Online Training/Consultancy Solution [email protected] avision Oracle Online Training/Consultancy Solution [email protected] Amit Sharma Hyperion Trainer learnhyperion.wordpress.com Working with Multi-Currency Applications
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Essbase Currency conversion
Transcript of Currency Conversion
Slide 1Amit Sharma
Hyperion Trainer
Currency Conversion Applications
The Essbase currency conversion feature enables you to translate financial data from one currency into another currency. Currency conversion facilitates comparisons among countries, and enables consolidation of financial data from locations that use different currencies.
Oravision Oracle Online Training/Consultancy Solution [email protected]
Example #1
A company has branches in UK,US and Japan. The company records the profitability in local currency so in UK the currency is Pounds and in Japan the currency is Yen. Business users want to analyze the Sales/Profitability between these two countries. To analyze the sales between these two countries we need to convert Pounds->Yen or Yen->Pounds.
Oravision Oracle Online Training/Consultancy Solution [email protected]
Example #2
Currency Conversion Applications
Main Database
The main database outline can contain from 3 to n dimensions
A dimension tagged as time. Tagging a dimension as time generates a dimension in the
currency database that is identical to the time dimension in the main database.
A dimension tagged as accounts. Tagging a dimension as accounts and assigning currency categories to its members creates a dimension in the currency database that contains members for each of the individual currency categories. Category assignment enables the application of different exchange rates to various accounts or measures.
A market-related dimension tagged as country. Tagging a dimension as country and
assigning currency names to individual countries creates a member in the currency database for each currency.
Oravision Oracle Online Training/Consultancy Solution [email protected]
Currency Database
A currency database always consists of the following three dimensions
A dimension tagged as time, which is typically the same as the dimension tagged as time in the main database. This allows the currency database to track currency fluctuations over time and to accurately convert various time slices of the main database.
A dimension tagged as country, which contains the names of currencies relevant to the markets (or countries) defined in the main database. Each currency name defined in the main database must also exist in the currency database.
A dimension tagged as accounts, which enables the application of various rates to members
of the dimension tagged as accounts in the main database. The categories defined for the
accounts dimension in the main database are used to form the members in the accounts
Structure of Currency Applications dimension of the currency database. For example, it may be necessary to convert Gross Profit and Net Profit using one category of rates, while other accounts use a different set of rates.
Profit and Loss b) Balance Sheet.
Oravision Oracle Online Training/Consultancy Solution [email protected]
currency conversion application
Prepare the main database outline for currency conversion
Generate the currency database outline.
Link the main and currency databases.
Convert currency values. (Using Spread Sheet Reports)
Oravision Oracle Online Training/Consultancy Solution [email protected]
Download the video version of this tutorial from learnhyperion.wordpress.com
Questions??
Hyperion Trainer
Currency Conversion Applications
The Essbase currency conversion feature enables you to translate financial data from one currency into another currency. Currency conversion facilitates comparisons among countries, and enables consolidation of financial data from locations that use different currencies.
Oravision Oracle Online Training/Consultancy Solution [email protected]
Example #1
A company has branches in UK,US and Japan. The company records the profitability in local currency so in UK the currency is Pounds and in Japan the currency is Yen. Business users want to analyze the Sales/Profitability between these two countries. To analyze the sales between these two countries we need to convert Pounds->Yen or Yen->Pounds.
Oravision Oracle Online Training/Consultancy Solution [email protected]
Example #2
Currency Conversion Applications
Main Database
The main database outline can contain from 3 to n dimensions
A dimension tagged as time. Tagging a dimension as time generates a dimension in the
currency database that is identical to the time dimension in the main database.
A dimension tagged as accounts. Tagging a dimension as accounts and assigning currency categories to its members creates a dimension in the currency database that contains members for each of the individual currency categories. Category assignment enables the application of different exchange rates to various accounts or measures.
A market-related dimension tagged as country. Tagging a dimension as country and
assigning currency names to individual countries creates a member in the currency database for each currency.
Oravision Oracle Online Training/Consultancy Solution [email protected]
Currency Database
A currency database always consists of the following three dimensions
A dimension tagged as time, which is typically the same as the dimension tagged as time in the main database. This allows the currency database to track currency fluctuations over time and to accurately convert various time slices of the main database.
A dimension tagged as country, which contains the names of currencies relevant to the markets (or countries) defined in the main database. Each currency name defined in the main database must also exist in the currency database.
A dimension tagged as accounts, which enables the application of various rates to members
of the dimension tagged as accounts in the main database. The categories defined for the
accounts dimension in the main database are used to form the members in the accounts
Structure of Currency Applications dimension of the currency database. For example, it may be necessary to convert Gross Profit and Net Profit using one category of rates, while other accounts use a different set of rates.
Profit and Loss b) Balance Sheet.
Oravision Oracle Online Training/Consultancy Solution [email protected]
currency conversion application
Prepare the main database outline for currency conversion
Generate the currency database outline.
Link the main and currency databases.
Convert currency values. (Using Spread Sheet Reports)
Oravision Oracle Online Training/Consultancy Solution [email protected]
Download the video version of this tutorial from learnhyperion.wordpress.com
Questions??
