[GNC] Focus on international standards

[Christopher Lam]

3. Only the transaction report has the ability to convert transaction
amounts into target currency using price at transaction date. Other reports
will aggregate the amounts in original currency then convert using price at
report date.

On Sat, 5 Feb 2022, 8:36 pm Fiable.biz via gnucash-user, <
gnucash-user at gnucash.org> wrote:

> Hello.
>
> I'm very grateful to GnuCash developers. Nevertheless, it seems to me that
> they are not very interested in international standards, possibly because
> many of them are Americans, and Americans are not fond of international
> standards. I use GnuCash 4.9 on Fedora.
>
> 1) Former bug 622778 was opened 12 years ago and is very similar to
> current bug 797093 ("Miscalculation in cashflow reports"), reported in 2019
> and still unfixed.
>
> 2) Bug 796811 ("Allowing ISO number formats (both decimal separators,
> spaces) and currency symbol as input"), reported in 2018, has not been
> fixed.
>
> 3) When using multiple currencies, after having filled the price database
> with the exchange rate of all days with transactions in the foreign
> currency, I found no way to get a correct income statement based on the
> exchange rate of each transaction day, which is an IFRS requirement. IFRS
> for SMEs n°30.7: "An entity shall record a foreign currency transaction, on
> initial recognition in the functional currency, by applying to the foreign
> currency amount the spot exchange rate between the functional currency and
> the foreign currency at the date of the transaction." I tried the 5 options
> of "Price source": "Average cost of purchases weighted by volume",
> "Weighted average of all transactions in the past", "Last up through report
> date" (which is incomprehensible to me, whose mother tongue is not
> English), "Closest to report date" and "Most recent".
>
> These 3 defects have poisoned my life for long. I guess there are other
> non standard behaviours which don't bother me. Does anyone know of another
> openSource project more focused on international standards?
>
> Thank you very much in advance.
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