Foreign Currency Valuation
Can any one explain me foreign currency functionality.
Raghavendra Muchukota 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.