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ReportWe have MC setup and its running (CAD to USD), I am being posed a question that I wanted to see if even possible and if so possible help on your end.
In our Canadian entity we need to value per GAAP, meaning that a $1k posting occurs and in reality due to conversion rate or other factor its posted as $970, so the DB would be $30 to arrive at $970, however we need to flag what we consider a long term account not to impact the PL whereas short term is okay to hit the PL. Reason being is the LT portions should hit equity directly (not the P&L), per GAAP.
Can we flag long term versus short term accounts to segregate what hits the PL and what does not?
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