Why do we need to do Foreign Currency Evaluation
- 2 Answers
- 11507 Views
- IBM, I also Faced
- E-Mail Answers
Answer Posted / satish kulkarni
When we do balance sheet, open items in
vendors/customer/ledger line item which are in foreign
currency should be shown correctly.
As per account standard--11 of ICAI these should valuated
at balance sheet date & what ever gain/loss should be
accounted for.
This is reason we do foreign currency valueation.
In SAP customization done through OB59 & OBA1. We have
define method for valuation. In method along with other
parameter we define which rate should be taken to valuate
foreigh currency.
Actual valuation we do by T-code F.05
Regards
| Is This Answer Correct ? | 8 Yes | 1 No |
Post New Answer View All Answers
If there are two company codes with different chart of accounts how can you consolidate their activities?
What is the difference between the R/3 4.6version to R/3 4.7 version?
What happens when you post to year 2006 when you are in 2007?
Why is it not possible to post to a customer accont in a previously closed period?
Hi What is a STAGING CLIENT in our Land scape? a bit of confusion in this
1.How to get the list of deleted vendor master records/vendor a/c's and can we reuse the same account numbers (delted account number) for creating another new vendor master record?
What is the app in sap fico?
What does field status group assign to a gl master record controls?
How does master data differ from transaction data in co? : co- general controlling
I have learn the course SAP FI/CO in the Yr.2007 and have an experience in this part as a FI-End user of 2.8 yrs. Presently I have working in ERP –Accounts department & have More than 15 yrs. Experience. Please suggest me how can I grow my experience in SAP FI/Co due to changing my job? Waiting for your response plese.
What is individual processing of gl accounts? : fi- general ledger
Is it possible to create multiple assets in a single transaction? : fi- asset accounting
Is business area at company code level?
What is a document header? : fi- general ledger
what are the organisational elements in sap fi and describe them ?
