difference between realized & un-realized exchange loss/gain account
could you kindly me difference between the realized & un-realized exchange loss/gain account.
Murali Babu Nallamothu replied
It's very simple.
Unrealized forex gain/loss arises on only open items through foreign currency valuation program(FAGL_FC_VAL).
These are posted at each month end and reversed on next month first date because these are unrealized gains/losses.
Realized forex gain/loss arises when you do the clearings and do the payments. This differences arise only when while clearing the items.(F-28, F-53, F-32, F-44 & F-03). This can't be reversed like unrealized gain/loss