Productivity Visibility Compliance

Introduction to Tensoft

• Customer Demographics– Technology, Software, Semiconductor, Services– Locations Worldwide – North America & EMEA– Emerging Growth to Large Public Companies

• Tensoft Organization– Founded in 1996– Silicon Valley: Corporate Headquarters– Operations Spanning 3 Continents (North America, Europe, Asia)

• Industry Knowledge– Capabilities: Applications, Business Intelligence, Development, ERP

Software Stack – Experience with 200+ Technology Clients

Tensoft Multi-National ConsolidationTensoft Multi-National Consolidation for for

Microsoft Dynamics GPMicrosoft Dynamics GP

Framework for Multi-National CompaniesFramework for Multi-National Companies

FASB 52 Translation MethodsFASB 52 Translation Methods

• Current Method: Functional currency of the foreign subsidiary is the subsidiary currency– All assets and liabilities translated at current rate– Equity is translated at historical rate

• Re-measurement Method: Functional currency of the foreign subsidiary is not the subsidiary currency– Monetary assets translated at current rate– Non-monetary assets, liabilities, and income statement

equivalents translated at historical rates– Equity translated at historical rates

ConsolidationUS dollars

Multi-National, Multi-CurrencyMulti-National, Multi-Currency

$ ¥ €£

MNC Currency Conversion Process uses the appropriate exchange rates per FASB 52: 1. Month End Rate -- Used to revalue Balance Sheet Prior Period Balance and Net Changes2. Average Rate -- Used to revalue Income Statement / Profit and Loss Statement3. Historical Rates -- Used to revalue accounts that require historical balances to be maintained

Multi-National, Multi-CurrencyMulti-National, Multi-Currency

ConsolidationUS dollars

$

MNC Currency Conversion Process uses the appropriate exchange rates per FASB 52: 1. Month End Rate -- Used to revalue Balance Sheet Prior Period Balance and Net

Changes2. Average Rate -- Used to revalue Income Statement / Profit and Loss Statement3. Historical Rates -- Used to revalue accounts that require historical balances to be

maintained

£ € ¥

Audit TrailBatch Name & Journal Entry

Number

Multi-National, Multi-CurrencyMulti-National, Multi-Currency

Prepares FRx Formats Consolidated Financial Reports

FRx

ConsolidationUS dollars

Contact Contact Solutions@tensoft.com for Solutions@tensoft.com for

more informationmore information