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Foreign Currency Valuation

Hi All

Can any one explain me foreign currency functionality.

Former Member
Former Member replied


Foerign Cuurency Valuation will work as per Accounting Standard -11.This will be done thru TCODE:-FAGL_FC_VAL.

The entry which will be generated thru foreign currency valuation is a balancesheet adjustment entry which will not have any effect.FOr example if you run forign currency valuation on 30th apr system will automatically posts a reversal entry on 1st may.

Foreign Currency Valuation will be done on monthly basis.Generally done at the month end.




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