Currency support
PerformancePoint has currency handling capabilities far in excess of those in other planning products, in line with its ultimate ambition in later releases to handle full-scale financial consolidation applications. Although typical planning applications may not need their full power, they will be useful for organizations that require their management and statutory consolidation systems, as well as their planning applications to deliver similar results. They will also be needed in management reporting applications that seek to separate variations
due to currency fluctuations from other factors.

It comes with a currency rule template, which unlike most templates, does not use placeholders or need customization. The currency translation rules are run as a job that applies to one entity (and its descendants) at a time. The template obviously applies different
translation rules to equity and income (P&L) accounts, taking account of the Flow dimension, with adjustments being stored in the FXF member of the Flow dimension. The Flow dimension is used to track the various stages of a financial consolidation, and has the following system-calculated members:

• OPE — Opening balance
• MVT — Short term movement
• FX — Exchange rate variation
• FXO — Opening exchange rate difference
• FXF — Current flow exchange rate difference
• INT — Intercompany reconciliation flow
• CLO — Closing balance