Incorrect Account Determination Error in Foreign Currency Revaluation

Hi All,
I am executing T-Code FAGL_FC_VAL for foreign currency Valuation with new GL. I am getting an error message
"Incorrect account determination: 1000 01 205000"
Please let me know how to resolve this error. I have maintained the GL Accounts in OB09.
Thanks!
Regards,
Vivek Srivastava

Hi
Please check the document splitting rule defined for this GL account for item category.
Regards,
Lakshmanan Krishnan

Similar Messages

Incorrect Account Determination on Foreign Currency Valuation

Dear SAP Expert,
Kindly your help about my issue:
My company code using parrarel curreny,
1. Company Code Currency (10) -- USD
2. Hard Currency (40) -- IDR
I already complete all customizing for Revaluation such as; OBA1 for gain loss realized and Valuation Gain loss and B/S adjustment.
My Question is, why system keeping give me an error incorrect account determination even i already maintained it.
and i check it closely to the error, and system say i must maintain translation gain and loss (LSTRA and LSTRV field in OBA1), i juts dont get the point why i need maintain that... because I only revaluation on Company code currency not in Hard Currency (2nd Local Currency)
the thing getting more tricky when i try it in quality system with the same setting and transaction the quality system not show the error message like in the production.
the exist transaction have USD, IDR, EUR, GBP currency.
Please your advise
Thanks and regards
Rian

Dear All, thanks for all your replies...
First of all, yes this is open item account. and i already maintain in OBA1 for open item account
I already maintained:
Realized Gain and Loss:
- Gain and Loss (already defined)
Evaluation
- Evaluation Gain and loss and Balance Sheet (already defined)
Translation
-N/A (not defined because we just only revaluation on company code currency not hard currency/group currency)
but i don't maintain translation gain and loss in OBA1 because we just only revaluation on company code currency...
the system show me error to maintain translation account gain and loss and balance sheet in PRD
but in the QA not show me anything and the system worked well, (with the same scenario and transaction in Production, of course i already checked the OBA1 between QA and Production)
The Question are:
1. Why I need maintain Translation Gain and loss even i just revaluation on company code currency?
2. I still wonder why i should maintain translation gain and loss in PRD but not need in QA even in the same transaction and setting
Acctually, if the error message tell to maintain Translation Gain and loss field... yes i will do it in PRD but i need the reason...
Thank and regards
RNA

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.

Incorrect account determination

Hi Experts,
Please help me.
When i tried to execute the foreign currency valuation using FAGL_FC_VAL, i am getting an error incorrect account determination. I have done all the necessary settings even though i am getting the same error.
Can anybody provide me with the configuration for foreign currency valuation because i just couldn't find out my mistake in configuration.
Please provide me the solution
regards,
mahesh

DEAR CHECK YOUR SETTINGS
define account principle
path: SPRO- Financial accounting(new)-Financial accounting global setting (new)-Ledgers-Parallel accounting-Define accounting principles
assigning account principal to ledger group
path:
same path you will find
define valuation method:
Financial accounting (new)- General ledger accounting (new)-Periodic processing u2013 Valuate- Define valuation methods
define valuation area:
same path you will get it
prepare automatic posting for foreign currency revaluation:
OBA1
NOW assign accounts( ACCOUNT DETERMINATION PART)
for KDP transaction( exchange rate difference):
under expense account and gains --- make 2 p& l accounts one exchange gain and other as exchange loss.
for kdf:
these are the bank accounts,vendor,customer accounts which are involved in foreign currency transaction.
define all accounts which involve foreign currency transaction. the adjustment account should be balance sheet account
define ledger group:
Financial accounting (new)- Financial accounting Global settings (new) u2013 Ledger-Define ledger group
now assign exchange rate difference key defined above in G/L master
this is the integration point between g/l and revaluation.
REGARDS
ROHIT

Foreign Currency Revaluation Configuration

Dear Expert,
How to configure OBA1 Foreign currency revaluation. please expline KDB and KDF,
Which GLs will assign in Exch. Rate Diff. using Exch. Rate Key (KDB) and Exchange Rate Dif.: Open Items/GL Acct KDF. please explain .
Regards
Jhaanu

Dear Jhaanu,
Please fallow below Details and see step by step. it should help full for you..
Purpose
This wiki provides a demonstration of valuation of Open Items In Foreign Currencies
Overview
From the help.sap.com documentation the following is stated
Valuation of Open Items in Foreign Currencies.
Use
All open items in foreign currency are valuated as part of the foreign currency valuation:
The individual open items of an account in foreign currency form the basis of the valuation, that is, every open item of an account in foreign currency is valuated individually.
Example of open items are customers, Vendors, or GL accounts managed on open item basis (SKB1-XOPVW = X)
The total difference from all the open items in an account is posted to a financial statement adjustment account. The account therefore retains its original balance.
The exchange rate profit or loss from the valuation is posted to a separate expense or revenue account for exchange rate differences as an offsetting posting.
A valuation cannot be made by posting to the payables/receivalbes account, since reconcilation accounts cannot be directly posted to.
For this reason the amount is posted to an adjustment account, which appears in the same line of the balance sheet as the reconcilation account
Step 1 - General customizing
Local currency of company EUR -
Implementation Guide: Financial accounting (New) -> Financial accounting global settings (New) -> global Parameters for company code - Transaction code OBY6
Exchange rate 1 USD = 1,7 EUR
Implementation Guide: SAP NetWeaver -> General settings -> Currencies (check all settings) -> Enter Exchange rates (Transaction code OB08)
Step 2 - Create Invoice
SAP Easy Access -> Accounting -> Financial accounting -> Accounts payable -> Document entry -> FB60 Invoice
Post document
Display document posted via FB03
Change in exchange rate occurs 1 USD now equals 1,63 EUR
SAP Easy Access Screen choose -> Accounting -> Financial Accounting -> Accounts Payable -> Accounting -> FBL1N -Display/Change Line items
Step 3 - Review of Foreign Currency Valuation customizing
Prior to performing a foreign currency valuation review of customizing:
Implementation Guide:Finanical Accounting (New) -> General Ledger Accounting (New) -> Periodic Processing -> Valuate
Define Valuation Methods
Define valuation Areas
Define Accounting Principles
Check Assignment of Accounting princples to ledger Group
*required if you have more than one ledger
Perpare Automatic Postings for Foreign Currency Valuation
Select Transaction KDF, enter Chart of Accounts
The Target Accounts for KDB/KDF can also be defined per valuation area
Account Determination per Valuation Area
Step 4 - Perform Foreign Currency Valuation
To perform a foreign currency valuation, from the SAP Easy Access Screen, choose Accounting -> Financial Accounting ->
General ledger/Accounts Receivable/Accounts Payalbe -> Periodic processing -> Closing -> Valuate -> Foreign Currency Valuation (New)
Transaction FAGL_FC_VAL (Program FAGL_FC_VALUATION)
Execute
Click on Postings button
To create valuation documents create postings must be ticked on, if you execute without create postings ticked, this means that program is run in test mode.
If there are errors when posting, a batch input session is created (transaction SM35)
Update run is saved in table FAGL_BSBW_HISTRY
Best Regards,
Krish.

Account determination error in FI doc during SD billing doc posting.

hi,
when I create one billing doc ref to s/o,
I check account determination in condition type:
G/L account no.: 110000
Provision acc. : 120000
in FI doc,
should debit 110000 and credit 120000
but current status is credit 110000 and debit 120000
Please help.
Thanks.

Hi,
One of the following could be the reasons for the Account determination error.
Please check.
1.Incorrect account assignment group entered in the customer and material master
Resolution:Maintain correct account assignment group in customer and material master,Eg.External Domestic,Z1 - External Foreign,Internal Foreign,etc,.
2.GL account not extended to the respective company code.
Resolution:Extend the required GL account to the company code.
Regards,
Sophia Xavier

JVA Foreign Currency Revaluation

Hi,
We are implementing SAP-JVA for our client with New GL Active (Document Split not active). We wish to do the Foreign Currency Revaluation in JVA instead of FI using T-Code GJ91 (JVA Open Item Foreign Currency Revaluation).
As I understand, for the Unrealized Foreign Gain/Loss posting, the Cost Object that should get posted for the said UXD Loss/Gain Account should be the Original Cost Object (WBS in our case) derived from the expense line item. Hence, the Cost Object may/will vary for each line-item in the Unrealized Foreign Gain/Loss account. But the system is not picking the expense line Original Cost Object (WBS) inspite of maintaining the configurations and assignments in GJ56 for Exchange Difference Account, GJBA for assigning the respective UXD Loss/Gain and Balance Sheet Adjustment Account. Instead, while executing the Foreign Revaluation for Open Items in JVA, the system gives an Error saying that Cost Object is required for the UXD Loss/Gain Account as it is a Cost Element. When we maintain the OKB9 Default Account Assignment (Cost Center) for the Unrealized Foreign Gain/Loss account, then the Error is not there but the Cost Object is the one maintained in OKB9. Ideally it should be the Cost Object of the expense line item.
However, if I create the Unrealized Exchange Loss/Gain Accounts without Cost Element (example 6210720-Loss and 6110820-Gain), and assign the respective settings in GJ56 with Cost Element GL (6210710-Loss and 6110810-Gain), I still cannot post the UXD since the Program picks T8JK-COSTS which has GL Accounts with Cost Element and thus requires a Cost Object. The Balance Sheet Adjustment Account is though picked from T030H-LKORR in all cases.
We have implemented the SAP Note 998431 to enable GJ91 posting in New GL. I can see many other SAP Notes on the related issue but am not sure on which is the aappropriate note to be applied, if any.
We wish to process GJ91, GJNO and GJ90 in JVA in respect to Foreign Currency Revaluation. We wish to get the postings to Original Cost Object for all Exchange Difference related postings. Kindly suggest and recommend the relevant procedure and appropriate guidance to get things working.
Kindly revert back if you need any further clarification or information.

Hi Amit Agarwal,
I have a situation now, very similar as yours.
We wish to get the postings from IVA to Original Cost Objects at JVA.
Now the system brings just one Cost Object for IVA and all the other lines are without cost object splliting.
We really need the split and we are with New GL.
Could you help us?
Thanks a lot for your help.
Dante Souza

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 / 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

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 of open items in ECC6

Hello,
while running the foreign currency revaluation of GL open items via FAGL_FC_VAL, I notice that open items on our VAT account are revaluated.
the account is flagged for balances in local currency only and open item management.
I am very suprised to see this account popping up in the revaluation. This was not the case in previous releases.
How can I prevent this,
kr
Nico

Hello,
I understand that you DO NOT want to revaluate VAT accounts (which make sense).
Check if those accounts are included on FCR customizing and remove them.
As an additional check exclude them from program's variant and they will not be selected nor revaluated.
My question is how the program revaluates posting on VAT accounts if they are open item managed? Revaluation of open items accounts should need a not open item account in order to post the postings.
Regards

F.05 foreign currency revaluation

Hi All,
Please any body suggest me how the foreign currency revaluation works.
Once we run F.05 transaction means what it will do and which items it will pick and where it will post, and what is the realised gain and unrealised gain vice versa loss.
And why the tcode fb1s and what it will do.
I have one item there is no value in document currency and there is value in local currency2. due to this item there is a inconsistancy balance in F.08 GL balances, how can i correct it.
For knowing the above things please any body explain the process of foreign currency revaluation f.05. And appreciate if suggest the answer for the above issue.
Thanks in advance
Nandha

Hi Expert,
Please any body suggest me how the foreign currency revaluation works.
This link will explain foreign currency revaluation works.
http://help.sap.com/saphelp_erp60_sp/helpdata/en/91/5ac4402418742ae10000000a155106/content.htm
http://help.sap.com/saphelp_dimp50/helpdata/en/a6/004940f0030272e10000000a155106/content.htm
Once we run F.05 transaction means what it will do and which items it will pick and where it will post, and what is the realised gain and unrealised gain vice versa loss.
http://help.sap.com/saphelp_46c/helpdata/en/a1/61b60c142b11d3a6710060087d1f3b/content.htm
And why the tcode fb1s and what it will do.
u2022 This transaction is used to clear open item managed general ledger accounts.
A similar transaction exists for customer and vendor account clearing.
u2022 If you have numerous items to clear, and prefer to deselect those that should not be included in the clearing document,
click and deselect Selected items initially inactive checkbox.
The transaction will then start with all items active (i.e. selected for clearing).
u2022 You can clear multiple items in one posting. The only requirement is that the sum of debits and credits equals zero, meaning the clearing document is balanced.
Field Description Tables
The R/O/C column of each Field Description table indicates whether the field usage is:
R - Required in SAP.
O - Optional in SAP.
C - Conditional in SAP.
Procedure
1. Double-click on Clear Open Items to go to the Clear G/L Account: Header Data screen.
2. Complete/review the following fields:
u2022 Account
u2022 Clearing date
3. Perform one of the following:
If Go To
You wish to specify a selection value range by selecting the options in the Additonal selections panel.
For example, you may only wish to review items which have posted in the previous month.
4. Select the radio button for the option for the open item filter you wish to enter, in our example Posting date.
Clear G/L Account: Enter selection criteria
5. As required, complete the following fields:
u2022 Posting date from
u2022 Posting date to
6. Click to go to the Clear G/L Account: Process open items screen.
7. Double click on the amount of the first open item in the GBP Gross column that you wish to clear.
The system will activate the line you have chosen, and the amount in the Assigned field in the Editing status panel will reflect all activated items. If the system shows a balance in the Not assigned field, then your clearing document is not in balance.
8. Select an offsetting item by clicking on the amount in the appropriate line.
Both items will now display as active, and the Not assigned field will show zero, indicating your clearing document is in balance and can be posted.
9. Click to post your document.
The system displays the message, "Document xxxx was posted in company code xxxx".
I have one item there is no value in document currency and there is value in local currency2. due to this item there is a in-consistency balance in F.08 GL balances, how can i correct it.
In the below link, Burak Uygur explained about the Foreign Currency Valuation
F.05 foreign currency valuation
For knowing the above things please any body explain the process of foreign currency revaluation f.05. And appreciate if suggest the answer for the above issue.
This link will explain the process of foreign currency revaluation..
http://help.sap.com/saphelp_erp60_sp/helpdata/en/91/5ac4402418742ae10000000a155106/content.htm
Regards,
GK
SAP

Foreign currency revaluation entries...

Dear All,
Can anyone tell me the Accounting entries in foreign currency revaluation...
Regards,
Suresh Patipati.

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

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

Incorrect Account Determination Error in Foreign Currency Revaluation

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