What is the month end activiy of GR/IR clearing account and
FOREIGN CURRENCY VALUAION.pls give me ans in detail
- 2 Answers
- 12324 Views
- IBM, I also Faced
- E-Mail Answers
Answer Posted / divyesh patel
Foreign currency Valuation: When open items in foreign currency are valuated, the differences between the exchange rate determined at date of revaluation (month end) and the historical rate is posted as unrealised exchange rate difference.
The revaluation posted will be reversed automatically in the next month.
GI IR in Month end :
This transaction is used to clear open items in GR/IR clearing accounts that have matching Purchasing Doc Number & Item (e.g.. when Goods Receipt & Invoice Verification have been posted for the PO Number & Item)
Open Items are cleared when the total amount of the matching items total to zero.
| Is This Answer Correct ? | 12 Yes | 0 No |
Post New Answer View All Answers
Explain asset retirement in fi-aa? : fi- asset accounting
What is an internal calculation key? : fi- asset accounting
What is the app in sap fico?
What is splitting? Explain the splitting structure? : co- cost center accounting
Can you select direct fi posting for a depreciation run? : fi- asset accounting
What are exchange rate "factors" ?
Explain the architecture of firstlogic’s global data quality connector for sap systems?
what is the complete configuration of functional areas in finance and controlling and their related modules. plz give me complete secinero of the functional area,
What does definition of a chart of account contain?
In sap fi what are the organizational elements?
Explain some of the controls setup during the configuration of internal order types in the co module?
What is reconciliation account?
What are the different line item reports? : cost center accounting
Explain the relationship between company code and controlling area?
DIfference between F-43
