IFRS configuration requirements
Note: For step-by-step configuration procedures, see the JP Consolidation Framework documentation — all configuration sections.
Currency conversion — IFRS settings
Account type |
RATETYPE setting |
IAS 21 rule |
|---|---|---|
P&L / income and expenses |
AVG |
IAS 21.39(b) — average rate for the period. |
Balance sheet accounts |
END |
IAS 21.39(a) — closing rate at balance sheet date. |
Equity (share capital, capital reserves) |
HISTAVG |
IAS 21.39(c) — historical rate at date of original transaction. |
FCTR (OCI plug) |
CTR |
IAS 21.39(c) — translation difference to OCI. |
Currency Conversion Configuration
-
Enable rule > Select the Advance Currency Conversion rule
-
Add Override rule in needed
Please refer to below sample of currency conversion rule:
IFRS Advanced Currency Conversion (Downloadable Excel file)
Ownership structure — IFRS settings
Method |
IFRS condition |
Lineos setting |
|---|---|---|
Full consolidation |
Control per IFRS 10 — power + variable returns + ability to affect |
Method = Full |
Equity method |
Significant influence or joint venture (IAS 28) |
Method = Equity |
Proportional (joint operations only) |
Direct rights to assets and obligations for liabilities (IFRS 11) |
Method = Proportional — joint operations only, not for joint ventures |