<ul><li>Productivity    Visibility    Compliance </li></ul>
Introduction to Tensoft <ul><li>Customer Demographics </li></ul><ul><ul><li>Technology, Software, Semiconductor, Services ...
Tensoft Multi-National Consolidation   for  Microsoft Dynamics GP
Framework for Multi-National Companies
FASB 52 Translation Methods   <ul><li>Current Method:  Functional currency of the foreign subsidiary is the subsidiary cur...
Multi-National, Multi-Currency Consolidation US dollars $ ¥ € £ <ul><li>MNC Currency Conversion Process uses the appropria...
Multi-National, Multi-Currency Audit Trail Batch Name & Journal Entry Number Consolidation US dollars $ <ul><li>MNC Curren...
Multi-National, Multi-Currency Prepares FRx Formats Consolidated Financial Reports FRx Consolidation US dollars
Contact  [email_address]  for more information
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Tensoft Multi-National Consolidation

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Tensoft Multi-National Consolidation

  1. 1. <ul><li>Productivity  Visibility  Compliance </li></ul>
  2. 2. Introduction to Tensoft <ul><li>Customer Demographics </li></ul><ul><ul><li>Technology, Software, Semiconductor, Services </li></ul></ul><ul><ul><li>Locations Worldwide – North America & EMEA </li></ul></ul><ul><ul><li>Emerging Growth to Large Public Companies </li></ul></ul><ul><li>Tensoft Organization </li></ul><ul><ul><li>Founded in 1996 </li></ul></ul><ul><ul><li>Silicon Valley: Corporate Headquarters </li></ul></ul><ul><ul><li>Operations Spanning 3 Continents (North America, Europe, Asia) </li></ul></ul><ul><li>Industry Knowledge </li></ul><ul><ul><li>Capabilities: Applications, Business Intelligence, Development, ERP Software Stack </li></ul></ul><ul><ul><li>Experience with 200+ Technology Clients </li></ul></ul>
  3. 3. Tensoft Multi-National Consolidation for Microsoft Dynamics GP
  4. 4. Framework for Multi-National Companies
  5. 5. FASB 52 Translation Methods <ul><li>Current Method: Functional currency of the foreign subsidiary is the subsidiary currency </li></ul><ul><ul><li>All assets and liabilities translated at current rate </li></ul></ul><ul><ul><li>Equity is translated at historical rate </li></ul></ul><ul><li>Re-measurement Method: Functional currency of the foreign subsidiary is not the subsidiary currency </li></ul><ul><ul><li>Monetary assets translated at current rate </li></ul></ul><ul><ul><li>Non-monetary assets, liabilities, and income statement equivalents translated at historical rates </li></ul></ul><ul><ul><li>Equity translated at historical rates </li></ul></ul>
  6. 6. Multi-National, Multi-Currency Consolidation US dollars $ ¥ € £ <ul><li>MNC Currency Conversion Process uses the appropriate exchange rates per FASB 52: </li></ul><ul><li>Month End Rate -- Used to revalue Balance Sheet Prior Period Balance and Net Changes </li></ul><ul><li>Average Rate -- Used to revalue Income Statement / Profit and Loss Statement </li></ul><ul><li>Historical Rates -- Used to revalue accounts that require historical balances to be maintained </li></ul>
  7. 7. Multi-National, Multi-Currency Audit Trail Batch Name & Journal Entry Number Consolidation US dollars $ <ul><li>MNC Currency Conversion Process uses the appropriate exchange rates per </li></ul><ul><li>FASB 52: </li></ul><ul><li>Month End Rate -- Used to revalue Balance Sheet Prior Period Balance and Net Changes </li></ul><ul><li>Average Rate -- Used to revalue Income Statement / Profit and Loss Statement </li></ul><ul><li>Historical Rates -- Used to revalue accounts that require historical balances to be maintained </li></ul>£ € ¥
  8. 8. Multi-National, Multi-Currency Prepares FRx Formats Consolidated Financial Reports FRx Consolidation US dollars
  9. 9. Contact [email_address] for more information
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