Incorrect account determination

Question

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

Answer 1

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