Forex difference in Deferred Revenue

[Former Member]

Hi,

We have a scenario where the billing for contract was done in EUR. But credit memo was raised in USD as per client's requirement for the full contract value. The contract involve revenue recognition scenario.

When i view report VF45 for revenue recognition overview, what happens is the forex difference value in EUR stays in deferred revenue. But deferred revenue value should be zero.

Please advise how to handle this issue.

Regards,

Rahul

[alex_zheng]

Hi Rahul,

Please check if the FASB52 solution could solve your problem.

Please refer to the attached note 786266 Activating the function:

FASB52 (SD) about how to activate FASB52 in your system.

For the detailed information about FASB52, please also take a look at

SD Revenue Recognition Best Practice V16, part 2 pages 19-21, which

gives a detailed explanation. (the best practice document is contained

in note 1172799)

I hope this helps.

Cheers,

Alex

[Former Member]

Hi Alex,

It was very useful for me. I will revert if anything is required.

Thanks,

Rahul

[Former Member]

Hi,

Can anybody help on this?

Regards,

Rahul