Concept: Alternate Ledger Currency in Consolidated Financial Reporting

To report on an alternate ledger currency (ALC) in consolidated reports, you can configure ledger currency mappings for your companies. See Steps: Set Up Ledger Currency Mappings.

When you select a ledger currency mapping while running a consolidated report, Workday uses it to:

Display ledgers for each company in either the primary or alternate ledger currency, as configured.

Perform eliminations using either the primary or alternate ledger currency.

Translate from either the primary or alternate ledger currency to the translation currency.

Workday doesn’t support ALC in noncontrolling interest (NCI) and equity pickup. NCI and equity pickup journals only generate results and journals for the primary ledger currency.

Before you begin including ALC in consolidated reports, consider:

If your investment in subsidiary elimination rules are configured on the

Investment in Subsidiary / Subsidiary Equity (To Be Retired)

tab on the

Maintain Elimination Rules

task, you must move them to the

Intercompany / Interworktag

and the

Noncontrolling Interest Activity

tabs. See Workday Community: Guide to Updating the Investment in Subsidiary Elimination Rule.

If you're using derived noncontrolling interest, you must opt-in to persisting noncontrolling interest on the

Noncontrolling Interest Journal Lines Opt-In