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Foreign Currecny Valuation

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					FOREIGN CURRENCY VALUATION
1) Defining Accounting principle SAP Customizing Implementation Guide/ Financial Accounting (New)/ Financial Accounting Global Settings (New)/ Ledgers/ Parallel Accounting/ Define Accounting Principles

Give the accounting principle code and the description of the same 2) Assigning of Accounting principle to Target Ledger Group SAP Customizing Implementation Guide/ Financial Accounting (New)/ Financial Accounting Global Settings (New)/ Ledgers/ Parallel Accounting/ Assign Accounting Principle to Ledger Groups

3) Define Valuation Method. SAP Customizing Implementation Guide/Financial Accounting (New)/ General Ledger Accounting (New)/ Periodic Processing/Valuate/Define Valuation Methods

4) Define valuation areas SAP Customizing Implementation Guide/Financial Accounting (New)/ General Ledger Accounting (New)/ Periodic Processing/Valuate/ Define Valuation Areas

5) Check Assignment of Accounting Principle to Ledger Group SAP Customizing Implementation Guide/Financial Accounting (New)/ General Ledger Accounting (New)/ Periodic Processing/Valuate/ Check Assignment of Accounting Principle to Ledger Group

Assign the accounting principle to the target ledger group i.e. either to leading ledger or NonLeading Ledger 6) Assign Valuation Areas and Accounting Principles SAP Customizing Implementation Guide/Financial Accounting (New)/ General Ledger Accounting (New)/ Periodic Processing/Valuate/ Assign Valuation Areas and Accounting Principles

Assign the valuation area to the accounting principle 7) Prepare Automatic Postings for Foreign Currency Valuation SAP Customizing Implementation Guide/Financial Accounting (New)/ General Ledger Accounting (New)/ Periodic Processing/Valuate/ Foreign Currency Valuation/ Prepare Automatic Postings for Foreign Currency Valuation (OBA1)

Select the general ledger account for which valuation needs to be done.

Assign the ledger accounts to which the differences either loss/gain to be posted realized as well as unrealized. And also the bal sheet adj account or else error message will prompt at the time of execution of foreign exchange valuation

8) Define Account Determination for Currency Translation (only required in case financial statements are translated into a different currency) SAP Customizing Implementation Guide/Financial Accounting (New)/ General Ledger Accounting (New)/ Periodic Processing/Valuate/ Foreign Currency Valuation/ Define Account Determination for Currency Translation

Give the valuation are and the financial statement version in the required fields

Give the account and the FS items, balance sheet adjustment accounts etc.


				
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posted:3/21/2009
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