Why do we need to do Foreign Currency Evaluation

Question Posted / guest

2 Answers
12557 Views
IBM, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Why do we need to do Foreign Currency Evaluation..

Answer / 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

Why do we need to do Foreign Currency Evaluation..

Answer / kiran kumar kakolu

In order to check the accounts both in local company and
parent company we need to do foriegn currency evaluation.

With this we can calculate the direct quote of local
currency to foreign currency

Is This Answer Correct ?

3 Yes

4 No

Post New Answer

More SAP FI-CO (Financial Accounting & Controlling) Interview Questions

Is there a SAP Standard Workflow Task that can be assigned to Master Data creation in SAP like GL Master (FS00), Vendor / Customer Master

0 Answers

what do you mean by the accumulated depreciation?

0 Answers

When material under consumption at the year end how to carry forward to next year what are the configuration done and when material is under consumption what is entry is getting generated

0 Answers IBM,

Give me one scenario where you mapped as is with to be

2 Answers

What is the time-dependent data in an asset master? : fi- asset accounting

0 Answers

8) Do you transfer the master data from development server to production server ?

7 Answers IBM, iGate,

Tell me more about a shortened fiscal year.

0 Answers

What is automatic payment programmer? What are all the steps to configure it?

3 Answers

Can you anybody give the FICO Tickets like Low,Medium,High & Critical issues with some examples in the real time happened. please forward it to my mail id...mamidi1980@gmail.com

0 Answers IBM,

Suppose there are 10 branches under one company code. How we deal in SAP.

4 Answers ushacomm,

whate are the tabes in f110

2 Answers Cognizant,

where do you pen and close periods?

4 Answers

For more SAP FI-CO (Financial Accounting & Controlling) Interview Questions Click Here