Foreign Currency Valuation: This is the process to translate and adjust foreign currency amount of monetary accounts to local amount by a current suitable exchange rate (standard exchange rate). We carry out the foreign currency valuation before we create the … Read More
According to FAS 52, transactions that result in a change in cash should go to the P&L account. In the case of a revaluation due to a timing difference(Monthend/yearend revaluation) Realization Gain/Loss posted to B/S account.
The US Financial Accounting… Read More
1. At what level are the Customer & Vendor code stored in SAP?
The customer and Vendor code are at the client level. That means any company code can use the customer and Vendor … Read More
Foreign currency valuation is to be done for preparing the financial statements at a key date. Documents posted in foreign currencies have to be converted to company code currency for preparing the company financial statements. Your company financial statement can … Read More
Foreign Currency Transactions:
There three types of Exchange rates defined by SAP,
Path: SAP⇒SAP Netweaver… Read More