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FAGL_MCA_VFXV - Maintain Target Accounts for FX Position Account Valuation
BAL_S_LOG - Application Log: Log header data General Data in Customer MasterThis documentation is copyright by SAP AG.
In this Customizing activity, you maintain target accounts for FX position account valuation to find the gain and loss accounts to which the result of the valuation should be posted in functional currency. Furthermore, you maintain the clearing account which is to be used when the functional currency equivalent on the position account is updated by a posting in foreign currency with a transactional amount of zero.
Foreign currency positions in the balance sheet represent the potential economic exchange rate risk in the respective currency. These positions have to be measured and valuated on the reference date using the current exchange rate. The gain or loss that is calculated is an economic value that has to be included in the financial statements.
The FX Position Account Valuation function valuates the foreign currency items on the source accounts. The system calculates the valuation gains and losses by taking the account balances in transaction currency and reading the equivalent value in functional currency of these balances for each currency. It then compares the equivalent value on the account with the equivalent value it has just calculated by using the exchange rate valid on the reference date to obtain the gain or loss. The offsetting entry shall be posted to the customized clearing account according to the MCA posting scheme with a transactional amount of zero in foreign currency and the valuation result in functional currency. In the 4-pack posting scheme the clearing account is optional.
Afterwards, the calculated gains and losses are posted from the position account to the separate P&L accounts for valuation gains and losses. In these postings, the transaction currency is the same as the functional currency.
You have defined a chart of accounts using Customizing activity Edit Chart of Accounts List (Transaction OB13).
You have defined a process type for process category FX Position Account Valuation.
Use the input help to select a chart of accounts.
Use the input help to select a FX Position Account Valuation Type, Ledger, Company Code and Currency and specify the following accounts:
- Gain Accounts (Accounts to Which You Post Profits of FX Valuation)
- Loss Accounts (Accounts to Which You Post Losses from FX Valuation)
RFUMSV00 - Advance Return for Tax on Sales/Purchases General Data in Customer Master
This documentation is copyright by SAP AG.
Length: 3515 Date: 20240523 Time: 193022 sap01-206 ( 78 ms )
