Does Foreign Currency Revaluation Post to an Account which is Open Item Man

Hi,
When running the FC revaluation, it is not posting to an account which is Open Item managed.
I have read somewhere that FC Reval. does not post to accounts which are OI managed or the Recon accounts.
Is this correct? If yes, what are the option for posting to an account which is OI managed?

Hello Deepak,
In FAGL_FC_VAL,the flag of revferse postings is only for "G/L account Balance valuation", not for open line items account(OPLA). and addition. and for OPLA, the system was desiged to post reversal document Auto.
In case in your countries you are not allowed to reverse year-end foreign
currency valuation postings in the following year, pls. using the Delta Logic Foreign Currency Valuation, for the details pls. refer to note:960661.
Hope the above informations are useful to you!
Best Regards,
Gladys xing

Similar Messages

Foreign currency revaluation posting.

Hi Friends,
I have processed Foreign currency revaluation through F.05 and got a report onscreen showing without errors.
When i am looking in SM35 for batchinput monitoring error log and looking for G/L codes the postings work for G/L codes only but not specific Balancesheet control account.
Can you please give me your valuable answers.
Regards,
Baltha

Hi
I have not understood your question clearly.
The message shows clearly processed without errors.
The log will show doc nos. Please see the document posted - will show the accounts posted.
Revaluation of FC of vendor and customer will get posted only to GL accounts - and not sub-ledgers.
By seeing the Exch Loss/Gain- Unrealised - you will get these doc also- as per the posting dates.
These docs are special docs - where only co code currency will get posted (DMBTR) and no doc currency.
In all other docs both currencies will get populated eventhough it is same.
hope this will help you a little

Foreign currency revaluation for GR/IR account

Hi Friends,
Need your help. My client is facing the below issue.
he is facing issue with transaction F.13 automatic clearing of GRIR account for company code XXXX.
The problem is that the system is reversing the Foreign exchange amount posted in December 2010 and posting it as realized Foreign Exchange, therefore GRIR account is not beeing valuated with USD convertion at the month end closing.
Could you please throw some light on this issue
Thanks N regards,

I think there is some issue with the process, normally vendor/customer reconciliation account or some liability assets related account which has impact due to foreign currency rate changes needs to be revaluated. I don't understand why you have set up foreign currency valuation for GR/IR account, these are intermediatory account which reflects in system between for example GR and IR.
I also think that you need more information on foreign currency valuation, basically it happens on a particular key date and gets reversed on key date + 1, because revaluation is only required on a key date for reporting purposes. on the next day it get reversed and actual loss or profit on foreign currency only gets booked on realization.
Hope this helps!!!
Murlidhar Khatri

Foreign Currency Revaluation Posting and Reversal

Hi any one give a fix for the below issue.
We have done foreign currency valuation Posting in the month end through F.05.Unfortunatley the reversal posting is not happening on the first day of the next month.Anyone tell me what will be the error and fix for not getting reverse posting,
Thanks in Advance.

Hi..Check the all parameters in F.05
Check with SAPF100 with flag 'Balance sheet preparation valuation' active. The value difference shows the amount
saved in BSEG-BDIFF Field. This field is only updated by SAPF100 when the flag 'Balance sheet preparation valuation' is activated.
For open items, the fundamental distinction, whether you set the 'Bal.sheet preparation valuatn' indicator (POST_UPD) or not, is very important.
Please note that this is the expected system behaviour after running SAPF100 with "Bal sheet preparation" set, if SAPF100 is run with "balance sheet prep" flag, the system does create a valuation document only, but no reversal document. And then field BDIFF is updated on open items.
Even if you reverse the valuation documents manually, the valuation difference (field BSEG-BDIFF) in the document is not changed.
Please also refer to the attached note 87538 and 545032 regarding information on the posting run and when postings are reversed and when they are not.This note also gives more information on the difference in behaviour between selecting the "balancesheet preparation" flag and not selecting it,
I hope you will get idea
Regards
vamsi

Foreign Currency Revaluation for GR/IR Account problem

Hi all,
- SAPF100 programme was run for Dec 08 for GR/IR Account
- But when I run FBL3N for open items to Dec 08 for the GR/IR account and do a reconciliation between the two there seems to be a number of line items that have not been revaluated at all....can anyone help me in explaining this or can some one help me by sending me some good ideas on how I can investigate further and resolve...any help will be greatly appreciated.
Many thanks-
Shem

Check the table T030H to see the current settings for Currency reval for GR/IR account - Check the account # mentioned in the Unrealized Gains/Loss field besides the offsetting account. Based on your definition, it looks like the offsetting account is not the same as the GR/IR account. Check the postings made in the offsetting account, and you can see the entries, created by reval over there.
Nandita

Question on Foreign Currency Revaluation

Can anyone help me to clear this question.
Do i need to do GVTR or F.16 (Balance carryforward) for new fiscal year before perform the foreign currency revaluation for a GL account? We are using account balance method (not open item).
The reason i asking this question is because when i do the foreign currency revaluation (tcode:F.05) for a GL account on the first day of the new fiscal year (revaluation key date = first day of new fiscal year,let say '01/07/2007'), the system show 'List contains no data'. However, when change the revaluation key date = last day of current fiscal year (30/06/2007), the system is able to display the relevant data.
Thanks in advance.
CH Wong

Hi Sachin,
the question is in fact how can we tie back the postings to the original documents:
e.g. I have 1 custumer invoice. Document number 1 which through document split has received 2 profit centers.
On the first screen 1 get 1 line:
                                            original FX rate          reval FX rate
document 1 : 100 USD        ,75          75 EUR       ,80     80 EUR       5 EUR exchange rate difference to be posted
If I click on the postings button I see :
debit FX differences    3 EUR profit center 1
credit FX gain               3 EUR profit center 1
debit FX differences    2 EUR profit center 2
credit FX gain               2 EUR profit center 2
We are searching for a list that replaces the first list and looks like:
                                                                     original FX rate          reval FX rate
document 1 : profit center 1 60 USD        ,75          45 EUR       ,80     48 EUR       3 EUR exchange rate difference to be posted
document 1 : profit center 2 40 USD        ,75          30 EUR       ,80     32 EUR       2 EUR exchange rate difference to be posted
Thanks in advance for your answer.
Best regards
Sven

Foreign Currency Revaluation and KDF

Hi Everyone,
For revaluing open items within tcode OBA1 section KDF, what are the criteria's for the accounts that would reside there? Do all of the below need to be present on the GL master record?
1. open item managed
2. line item display
3. account currency not equal to co code currency
Also, if the above need to be present on accounts within KDF, is it possible to reclass the postings out of an account and turn on open item management and then reclass the amount back in or is that not an SAP recommendation? Also, can you turn an open item managed account to not have it turned on as well? I've viewed a few posts that state conflicting answers but I think in both cases, it is recommended by SAP to create new accounts with the proper settings and reclass the amounts from the old accounts into the new ones. Please confirm as well.
THANKS!!!!!!

Hi
U need to enter the GL accounts which are impacted by the currency valuation in OBA1 for transaction KDF.
All recon accounts
Those GL accounts which are open item managed.
GL accounts which are line item display.
For each of these depening upon the requirement u can maintain seaparate set of accounts for posting.
You can also configure ur settings in such a way that l valation differences for all currencies can flow to one account or valuation differences arising from certain currecies to separate accounts for analysis purpose.
Hope this clarify ur question.

Changing an OI Managed Account to Non-Open Item

We are on ECC 6.0 instance.
We have an account which is open item managed and had activity in it. We want to change it back to non-open item managed. We are not sure about all the impacts. Would appreciate if you guys can share your experience.

Hello,
Even if you are on ECC 6.0, but not activated New GL functionality, you can follow the following procedure.
In your case, though balance is ZERO, they are not cleared against each other. It is the reason you are still facing the problem.
If ther is no open item management check box, then copy program RFSEPA02 to ZRFSEPA02 and append the initialization control.
If there is already open item management but you want to remove then copy RFSEPA03 to ZRFSEPA03 and append the initialization control.
Do the following steps:
1. Block the account for postings (all check boxes) in FS00
2. Run the customized Z program (Give the company code and account number)
3. Unblock the account for postings (remove all check boxes) in FS00
Take help from your ABAPer to stopping the initilization error check.
Hope this solves your issue.
Regards,
Ravi

Issue while doing Incoming Payment & Foreign Currency Revaluation

Hi,
When i am doing Customer Incoming Payment, we are getting one more line item Foreign Currency Revaluation with Zero amount.
Bank A/c - Debit
Customer A/c - Credit
Foreign Currency Revaluaiton A/c - Credit
Why Foreign Currency Revaluation Accounting is coming into the Picture? How can i remove this from settings? Please advise me..
Thanks
KC

Hi,
Check Table T030H, whether for the customer reconciliation account the entry is maintained there.
Secondly, you are getting this entry because, the customer line item that you are clearing is in a currency different from your local currency.
Regards,
SAPFICO

Issue with Posting Date in F.05 - Foreign Currency Revaluation

Hi All,
We have a problem with the US-GAAP Foreign currency revaluation run which we're doing every month.
Although the posting date is entered correctly (for this month as 30.09.2011), the postings that are created have the posting date of 31.07.2011. But the reversal date is right (01.10.2011).
Could you please explain why wrong date is appearing.
Thanks IN Advance
Regards,
Payal Saxena

Hi,
Have you scheduled any batch job to carry out the Foreign Currency Valuation? If yes, then check the variant which has been created for the program. There the posting date might have been entered as 31.07.2011. Dynamic date calculation must be maintained for the posting date.
Thanks,
Aman

Accounting entries for Foreign currency revaluation..Accounting entries

Dear All,
Can any one tell me the Accounting entries for posting foreign currency and foreign currency revaluation..
Regards,
Suresh Patipati.
Edited by: suresh patipati on Feb 17, 2009 7:45 AM

Hi,
I will mention entries from Vendor point of view on that basis you can get the idea.
1. If there is a Unrealised loss.
Unrealised loss A/c...............Dr.
To Balance Sheet Readjustment A/c......Cr.
2. If there is a Unrealised Gain.
Balance Sheet Readjustment A/c......Dr.
To Unrealised Gain A/c.....................Cr.
3. If there is a Realised Loss.
Realised Loss A/c......Dr.
Vendor A/c.................Dr.
To Bank A/c.......................Cr.
4.If there is a Realised Gain.
Vendor A/c..........Dr.
To Bank A/c....................Cr.
To Realised Gain A/c.......Cr.
Best Regards,
Shridhar

Foreign currency revaluation using customer or vendor accounts

Dear friends,
I am new to the forum and I wonder whether there is a foreign currency revaluation procedure (besides SAPF100) which can generate revaluation postings using customer or vendor accounts directly, instead of G/L accounts.
Supposedly for example, we had a customer Denmark National Bank, with id 400006A, and this account had a debit balance of 10000,00 EUR local currency, which would be 750000,00 DKK foreign currency (if for instance, the original rate was 7,50 DKK / EUR).
At the time I run FC valuation for customer 400006A, the currency rate could be for example 8,00 DKK/EUR.
Thus, the new LC amount that arises after valuation : 9375,00 EUR (which is 75000,00 DKK / 8,00).
In this way, I would have an amount loss of: 10000,00 9375,00 = 625,00 EUR.
Then, if we were to apply such customer valuation based on business area, we could probably have the following posting:
PKey   Bus. Area Account FC amount (DKK) LC amount (EUR)
17       0017    400006A 75000,00       10000,00
04       0017    400006A 75000,00        9375,00
40       0017 6910000000      0,00         625,00
In this way, customer 400006A is credited with an amount of 10000,00 EUR and balances out.
A new balance of 9375,00 EUR is created after valuation, and an amount loss of 625,00 is posted to G/L Main Loss Account 6910000000 (or to a G/L profit account in case of an amount gain).
Program SAPF100 works in a slightly different way, in the sense that it posts valuation differences in G/L accounts rather than to customer or vendor accounts directly in the way that was described above.
Any ideas or suggestions would be appreciated.

Hi Orestis,
I imagine this is correct, because for the vendors/customers, we have the reconciliation account. In the reconciliation account, we should record only the open and closed items (I can't see any process that would record foreign currency valuation differences in the reconciliation account).
Regards,
Daniel Carvalho.

Foreign Currency Valuation posted to the wrong account.

Dear Experts,
We set account for losses or gains from exchange rate changes for those accounts which didnt tick 'open item managment' in OBA1(Transaction : KDB).
We set different accounts for foreign currencies :EUR,JPD,USD, and for the rest of the currencies, it will post to another accounts.
But there has a docuemnt which was created by FAGL_FC_VAL, its document currency is EUR, and loal document is CZK,but it posted to accounts exchange losses/gains - other instead of exchange losses/gains-EUR wrongly.
Could you help with this ,thanks a lot!
Br
Sophie Xue

Dear SDNFICO,
this account doesnt tick 'open item management' for this company, but it has setting in OB09 which is correct too,
Br
Sophie

Report for foreign currency revaluation - FAGL_FC_VAL

Hello Experts,
I have executed FAL_FC_VAL - Foreign Currency Revaluation Program. System posted some accounting entry for the same. However, I want to know how system calculated and for which invoices it calculated.
For this I want a report from SAP, for foreign currency revaluation. Please let me know the TCode for the report.
I can see some output on screen, showing calculation, during test run. But it does not get saved anywhere.
Please help

Hello Ms Meena,
You can achieve to have this if you are in ECC 6.0 by activating the Logs to be stored.
This can be done via FAGL_FC_VAL & go to the last tab as below.
Precondition : Make sure before user run the revaluation they click on both tick mark.
Click on Logs
give the date when they it is run & execute
Select the log
Here you can select your fields like vendor name/customer name/GL account Name.
I would strongly suggest to create a variant by yourself & save & then ask the user to change the date to revaluation everymonth.
Many thanks
PB

Foreign Currency - Revaluation / Translation

Hi:
I wanted to discuss and understand the best practice for foreign currency revaluation and translation routine.
This is how we do and configured the revaluation / translation routine:
Valuation Area:
SG for revaluation - Currency Type 10 (Local)
S2 for translation - Currency Type 30 (Group)
Valuation Method: EVR (Always Valuate)
In the ledger currencies for 30, "Translation taking transaction currency as a basis".
Plus other coniguration for account determination (both revaluation and translation). - OBA1 and "Define Account detemination for currency translation".
Based on this configuration, we run following transactions at month end:
Revaluation: FAGL_FC_VAL using S2
Translation: FAGL_FC_TRANS using SG
So what it does is, it revalue document currency into local currency and then translate document currency into group currency.
Ideally, what should be as per GAAP is: Revalue document currency into local currency and then translate local currency into group currency.
In our configuration, we are not able to translate out of local books. The configuration translates from document currency to group currency.
Are we missing anything in the configuration or this is standard? What is the best practice or how other companies are running the revaluation/translation routine?
Scenario is:
Document Currency: AUD
Local Currency: GBP
Group Currency: USD
Please advise.
Thanks.
Rahul

As per US GAAP, FASB 52 -
Step (1):-
Re-measurement - Revalue all the balance sheet accounts/open items with 'Document currency' other than 'Local currency' based on spot rate and post this difference to a P&L account (Unrealized Exchange Gain/Loss Account) in 'Local currency'. Do not impact the 'Group currency' here.
Step (2):-
B/S Translation - Revalue all balance sheet accounts from 'Local currency' to 'Group currency' based on the spot rate and post the difference to Cumulative Translation Adjustment account (CTA) in 'Group currency' only. CTA is balance sheet account.
Step (3):-
Unrealized Exchange Gain/Loss Translation - Revaluate the P&L account that's been used in step(1) for exchange differences, from 'Local currency' to 'Group currency' based on spot rate and post the difference to Cumulative Translation Adjustment account (CTA) in 'Group currency' only.
Notes:-
1) Equity and retained earning accounts are never revaluated.
2) CTA account is grouped together with Equity accounts in reporting.
Regards,
Ganesh

Does Foreign Currency Revaluation Post to an Account which is Open Item Man

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