Manage Equity Override Accounts

Use this screen to specify stockholder's equity accounts for which you want Costpoint to use the Weighted Average Historical Rates method of equity account revaluation, instead of using the Historical Exchange Rates method, the default.

Use this screen whenever you determine that some stockholders' equity accounts will use a different historical exchange rate during the conversion of the currency at the balance sheet date.

If you decide to use either the Historical Exchange Rates method or the Weighted Average Historical Rates method to revalue long-term liabilities or assets, you must set up the account as a stockholder’s equity account type on the Manage Accounts screen. Doing that does not prevent you from including those long-term liabilities and assets in their appropriate sections on the balance sheet.