Difference between FAGL_FC_VAL and FAGL_FC_TRANS
All of my accounts are maintained in my local currency. I have a second currency. I will have transactions posted in both currencies. Can someone explain to me the difference between these two transactions?
FAGL_FC_VAL has a section for G/L Balances that will Valuate G/L Account balances. How is this different than the currency translation of G/L accounts using FAGL_FC_TRANS?
Thank you for any assistance