Difference of Financial Accounting and Financial Accounting(New)?

Hi,
I am new with SAP FI/CO. I would like to ask some questions. Please give me some tips.
1. I see there is a section called Financial Accounting and another one named Financial Accounting(New) in IMGs. What is difference of  them?
2. Will F.05 and FAGL_FC_VAL (Foreign Currency Valuation) do the same thing?
Thank you & Best Regards
Moderator: Please, read basic material before posting a thread.

Hi,
After the new GL activation the menu "Financial Accounting (New)" appears. It contains the nodes as per the new GL functionalities.
The FAGL_FC_VAL is relevant when you have activated the new GL. F.05 is for classical GL.
You can hide the old paths be deactivating the OLD IMG from executing the program RFAGL_SWAP_IMG_OLD in transaction SE38.
Regards,
SDNer

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