Revaluation of currency

How can the revaluation of currency be done in SAP 5.0 version?
Thanks & Regards
Divya

Please let me know if there is any automatic method to freeze or shutdown asset. In particular case the company has to shut down near about 80 assets. Is there any automatic method to do the same
Thanks & Regards

Similar Messages

Foreign currency revaluation per currency

Hi,
for Belgian legal purposes we need to revaluate the customer and vendor open items per currency.
This means we need to have the balance of e.g. our customers in USD and the countervalue of this in EUR, if we translate the total USD amount at our closing exchange rate and compare this to our historical EUR amount we either have a gain or a loss.
This should be posted as one amount.
However SAP looks at each customer to determin if we have a gain or a loss and then posts both gains and losses.
This will blow up our balance sheet and P/L.
Does anyone know how we could solve this?
We need one posting (either gain or loss) for the combination of G/L account - currency - trading partner.
Thanx in advance for your help
Sven

Hi Kavitha,
I had a look at transaction FKBP but this just allows me to select the accounts to which I want to post my exchange rate difference.
The problem is not with the accounts but in the way SAP calculates the amounts to be posted.
Now SAP creates several posting lines, posting both gains and losses for the same account-currency-trading partner where we need to have only one line item.
Thanx a lot for your help
Sven

Revaluation of Currencies - Urgent

Hii all of u ..
I did configuration for Foreign currency postings and for fluctuation accounting..my client is asking to revaluate the existed values in foreign currency for this FY ending..
Plss let me know how to revaluate and configuration if required..
Plss help me it is very urgent to me..
Thanks & Regards
Ramki

hi,
What happens is when you run FAGL_FC_VAL, the system checks the current exchange rate and multiplies the same with the number of FC units and arrives at a value. This is compared with the current balance in GL account ( See boththe values LC & FC in FBL3N by altering the layout). The diffrence is now posted to the GL account by Dr/Cr the FC account in Local Currency and Loss/Gain a/c Dr/Cr in local currency.
By this the value of FC in GL will be exactly equal to the current market rate multiplied by the no of units of FC in hand.
Now Coming to FAGL_FC_VAL the parameters that you need are
Company code : Self Explanatory
Valuation Date: last date of the period for which you are running the Valuation
Valuation are: The area what you have created for this,
Creat postings: If you check this system will create postings as long as allaccount assignments are taken care other wise system will creat a Batch input session which u need to process in foreground to manually inout the account assignments. You need to go to SM35 to runm this batch input.
Document date & Posting date : Self explanatory.
In Open Items Tab page (Applicable for GL accounts with OPen Item management)
You have the option of Selecting GL/Customer/Vendor accounts . You can select only one at a time. I.e either GL or Customer or Vendor. You can select a range if you are valuating GL accounts.
With this selection system Identifies the GL accounts for valuation.
In GL balances tab (For accounts maniatained in non open otem base like LOan account in FC)
Select the Check box Valuate GL Balances, Give the Excahnge rate difference key .
Execute
now you will be seeing the result. If you are not seeing any transactions, this could be due to non assignment of exchange rate diff key in GL master data.
Assign the exchnage rate diff rate key and execute again.
Hope this is useful.
Reward if useful.
sarma

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

Forighn currence valuation

hi all
I need help for the execution of Transaction Code u2013 FAGL_FC_VAL for revaluating foreign currency at client . I have executed the transaction and entries are getting posted in development server but with the manual input of Cost Center in Batch Input session.
Client does not want interference of End User while executing the transaction code. Along with that, Cost Center should had been get posted automatically in respective entries (May be by way of substition).
We can execute the above transaction for valuating - G/L, Customer, Vendor etc. Also the above revaluation we can do for a particular vendors pertaining to plant, order, assignment etc.
In same transaction we can see the Accounting entry before being get posted but the entry will not get posted via this transaction code.
After executing the Transaction Code - u201CFAGL_FC_VALu201D, system generates a u201CBatch Input Sessionu201D for posting the entry. In that u201CBatch Input Sessionu201D system asks for Cost Center for u201CRealized Loss / Gain or Unrealized Loss / Gain Accountu201D since those are Profit & loss Accounts.
Our clientu2019s requirement is that system should pick up the u201CCost Center by default in Batch Input Sessionu201D. I have tried Tcode - OKB9 but by that way it is very difficult to match the requirement of client since in that we can set the Cost Center per Valuation Area (Plant) but one plant may have u201CNu201D numbers of Cost Centers. Please anybody do correct me if I am wrong in making the statement.
I am unable to find out the solution for the requirement of client since it is very difficult to assign by default Cost Center to particular "Realised Loss / Gain" or "Unrealised Loss / Gain Account".
If any senior FICO of NBS is having alternative solution (i.e. having knowledge of Transaction Code u2013 FAGL_FC_VAL) then please let us know.
regards
raman;

Foreign Currency valuation at Year End

We have a number of Imprest cash accounts in Foreign Currency. The currency balances have to be revaluated at the Exchange rate prevalent on March 31.
Can someone please let me know the configuration process & related t-codes.
Correct answers will be rewarded points.
Regards,
K Chithra

Hi,
currency revaluation can be managed with TA F.05 (TAB GL-Balances/Valute GL-Balances and enter the account(s)).
Just check whether it's usefull for you, test with valuation method KTO and a single account.
You can define your own valuation method for currency revaluation (IMG Financials - General ledger accounting - Closing - Valuate - Foreign currency revaluation.
Currency revaluation works in my experience excelllent...
Best regards
Horst
Edited by: HorstRn on Jun 11, 2008 7:56 AM
@ PARA
F.05 valuates not only open items....... Bank accounts or cash accountsnormally have no open items.

Foreign Currency valuation accounting entries

Dear friends
At the time of revaluating foreign currency at period end, an accounting entry gets generated, which is reversed on 1st day of the next period. As per my understanding, the entry is as below -
Forex Loss Dr
Vendor Adjustment A/c
My question is whether the Vendor adjustment G/L is a Recon a/c? Also, in what transaction code, this customization is done?
Thanks in advance
Amit

Hi,
Please check all your settings correct or not?
Step1: Forex Rates should be maintained OB08
Step2: Define Valuation Methods
Step3: Define Valuation Areas
Step4: GL Account Creation for Forext Loss and Gains,
Step5: Assign GL Acconts
Step6: Foreign Currency Valuation T Code: FAGL_FC_VAL
Thanks
Chandra

Revaluation -Reconcile AP control account with GL

Hi ,
In oracle , currency revaluation is done in GL. All the AP invoices accounting entries in foreign currency are posted to GL .
When we revalue foreign currency journals in GL the control account value (AP Liability a/c) chances.
Then how to reconcile the AP value against GL to get the accurate respresentation of the balances ?
Thanks

Hi,
I see so many people asking on this topics in various words , does anyone have answer to the query.
After revaluation how do we tie back the AP aged balances to GL balances ?
Inputs greatly appreciated. Kindly also mention what is the exact account heads the journal entry get created when we revalue ?

Revaluation in GL / AP

Hi all,
I have the following requirement :-
Invoice created with rate USD 3.8 ( set fix currency rate monthly )
versus our functional currency of MYR for every 1 dollar. So, example, I
got one invoice created at rate 3.8 on 10-Jul-2005 with my functional
currency of 3800.00 dollar. Ok, at the end of the month 31-Jul-2005, new rate
for USD is 3.75, at that point of time, we will like the aging to restatement
with the new rate of 3.75 and functional currency will changed to 3750 and
the difference of amount of 50 will go to the unrealized loss
account. Does this feature able to be handle in Oracle ??
I saw two reports from AP, Open Item Revaluation Report & Suppliers Balances revaluation report. It can be revaluate of the currency but the new revaluate rate does not update back the original rate of invoice ( my case 3.8 ). B'cos, may be two month later, if we query back the same invoice from the system not from report, we can't know that this invoice is being revaluated.
So, how you guys do revaluation of currency in AP ? Please advise, URGENT!!!!
Rgds
Lim

Please its an urgent issue

FS00 issue

Hi experts,
My user has defined "USD4" in currency block of GL code 310000(bank's code) in FS00.He has passed many entries in said GL code.Now while user going make payment through T code F-53 and mention currency as USD3,system shows following error:
Postings to account 310000 (company code 1000) are only possible in currency
USD4
    Message no. F5353
Diagnosis
    G/L account "310000" is managed in "USD4". For this reason, it is not
    possible to post amounts in "USD3".
System response
    The data canot be updated.
Procedure
    o   If you want to post a gain or loss from exchange rate fluctuation to
        a foreign exchange account, you must use the Foreign currency
        valuation function.
        Proceed
if you do not want to do this, correct currency key "USD4" in the
master record of G/L account "310000" in company code "1000".
proceed
Please advise.
Regards,
Samar

Hello,
I have more information to add to this thread.
The Foreign Currency Revaluation is accessed by transaction code F.05. The transaction revalues foreign currencies into the group currency using the foreign exchange rates based on a specific valuation date. This date may be the last day of the period (month-end).
The reval is often used if a company has business units in foreign countries and a different currency is used.
Seeing that you specified the currency to be USD4 for the account, it is possible that the USD3 currency is being read as a foreign currency.
Hope this helps.
KF

Month end provision entries

hi all,
how to generate Month end provision entries.
pls give one example .
regards,
supriya thodimela.

hi Supriya,
1. Process Depreciation Run
Accounting -> Financial accounting -> Fixed assets -> Periodic processing -> Depreciation run -> Execute - AFAB
2. Process Investment Grant
Accounting -> Financial accounting -> Fixed assets -> Periodic processing -> Investment grant - AR11
3. Process Revaluation
Accounting -> Financial accounting -> Fixed assets -> Periodic processing -> Revaluation for the balance sheet -> Post revaluation - AR29
4. AA Fiscal Year Change
Accounting -> Financial accounting -> Fixed assets -> Periodic processing -> Fiscal year change - AJRW
5. AA Fiscal Year Close Account Reconciliation
Accounting -> Financial accounting -> Fixed assets -> Periodic processing -> Year-end closing -> Account reconciliation - ABST2
6. AA Fiscal Year Close
Accounting -> Financial accounting -> Fixed assets -> Periodic processing -> Year-end closing -> Execute - AJAB
7. Produce Asset History Sheet
Accounting -> Financial accounting -> Fixed assets -> Info system -> Reports on Asset Accounting -> Balance Sheet Explanations -> International -> Asset History Sheet
or
Accounting -> Financial accounting -> Fixed assets -> Info system -> Reports on Asset Accounting -> Balance Sheet Explanations -> Country Specifics - various
8. Produce GR/IR Balance Report
Logistics -> Materials Management -> Inventory Management -> Environment -> Balances Display -> List of GR/IR Bals. - MB5S
9. Maintain GR/IR Clearing Account
Logistics -> Materials Management -> Invoice Verification -> Invoice Verification -> Further processing -> Maintain GR/IR acct - MR11
10. Material Revaluations Price Changes (manual)
Logistics -> Materials Management -> Valuation -> Valuation -> Price Determination -> Change price - MR21
11. Material Revaluations Debit/Credit Material
Logistics -> Materials Management -> Valuation -> Valuation -> Price Determination -> Debit/cred. material - MR22
12. Product Costing Material Price Change
Accounting -> Controlling -> Product Cost Controlling -> Product Cost Planning -> Material Costing -> Price Update - CK24
13. Material Ledger Closing
Logistics -> Materials Management -> Valuation -> Actual Costing/Material Ledger -> Periodic material valuation -> Post closing - CKMI
14. Materials Management Closing
Logistics -> Materials Management -> Material Master -> Other -> Close period - MMPV
15. Materials Management Closing Control Posting to Prior Period
Logistics -> Materials Management -> Material Master -> Other -> Allow posting to previous period - MMRV
16. Lowest Value Determination Market Prices
Logistics -> Materials Management -> Valuation -> Valuation -> Bal. sheet valuation -> Determ. lowest values -> Market prices - MRN0
17. Lowest Value Determination Range of Coverage
Logistics -> Materials Management -> Valuation -> Valuation -> Bal. sheet valuation -> Determ. lowest values -> Range of coverage - MRN1
18. Lowest Value Determination Movement Rate
Logistics -> Materials Management -> Valuation -> Valuation -> Bal. sheet valuation -> Determ. lowest values -> Movement rate - MRN2
19. Lowest Value Determination Loss-Free Valuation
Logistics -> Materials Management -> Valuation -> Valuation -> Bal. sheet valuation -> Determ. lowest values -> Loss-free valuation - MRN3
20. LIFO Valuation
Logistics -> Materials Management -> Valuation -> Valuation -> Bal. sheet valuation -> LIFO Valuation - Various
21. FIFO Valuation
Logistics -> Materials Management -> Valuation -> Valuation -> Bal. sheet valuation -> FIFO Valuation - Various
22. Physical Inventory Processing
Logistics -> Materials Management -> Physical Inventory - Various
23. Analyze GR/IR Clearing Accounts and Display Acquisition Tax
Accounting -> Financial accounting -> General ledger -> Periodic processing -> Closing -> Regroup -> GR/IR clearing - F.19
24. Define Adjustment Accounts for GR/IR Clearing
IMG -> Financial Accounting -> General Ledger Accounting -> Business Transactions -> Closing -> Regrouping -> Define Adjustment Accounts for GR/IR Clearing - OBYP
25. Print Balance Confirmation
Accounting -> Financial accounting -> A/P or A/R -> Periodic processing -> Closing -> Check/count -> Balance confirmation: Print
or
Accounting -> Financial accounting -> A/P or A/R -> Periodic processing -> Print correspondence -> Balance confirmation -> Print letters - F.17
26. Configure Balance Confirmation
Accounting -> Financial accounting -> A/P or A/R -> Periodic processing -> Closing -> Check/count ->
or
Accounting -> Financial accounting -> A/P or A/R -> Periodic processing -> Print correspondence -> Balance confirmation - F.1B, F.1A
27. Post Individual Value Adjustment
Accounting -> Financial accounting -> Accounts receivable -> Document entry -> Other -> Intern. trans. posting -> Without clearing - F-21
28. Define Account Determination for Flat-Rate Individual Value Adjustment
IMG -> Financial Accounting -> Accounts Receivable and Accounts Payable -> Business Transactions -> Closing -> Valuate -> Valuations -> Define Accounts OBB0
29. Configure Flat-Rate Individual Value Adjustment
IMG -> Financial Accounting -> Accounts Receivable and Accounts Payable -> Business Transactions -> Closing -> Valuate -> Valuations -> SPRO
30. Calculate Flat-Rate Individual Value Adjustment
Accounting -> Financial accounting -> Accounts receivable -> Periodic processing -> Closing -> Valuate -> Further valuations - F107
31. Writing-Off Doubtful Receivables
Accounting -> Financial accounting -> Accounts receivable -> Document entry -> Other -> Intern. trans. psting -> With clearing - F-30
32. Customizing Exchange Rates
IMG -> General Settings -> Currencies - Various
33. Maintaining Exchange Rates
Accounting -> Financial accounting -> General ledger -> Environment -> Current settings -> Enter exchange rates - OB08
34. Customizing Valuation Methods
IMG -> Financial Accounting -> General Ledger Accounting -> Business Transactions -> Closing -> Valuating -> Foreign Currency Valuation -> Define Valuation Methods - OB59
35. Foreign Currency Open Item Valuation
Accounting -> Financial accounting -> General ledger -> Periodic processing -> Closing>>Valuate -> Valuation of Open Items in Foreign Currency - F.05
36. Account Determination for Exchange Rate Differences
IMG -> Financial Accounting -> General Ledger Accounting -> Business Transactions -> Closing -> Valuating -> Foreign Currency Valuation -> Prepare automatic postings for foreign currency valuation - OBA1
37. Regroup Receivables and Payables
Accounting -> Financial accounting -> A/P or A/R -> Periodic processing -> Closing -> Regroup -> Receivables/ Payables - F101
38. Account Determination for Regrouping Receivables and Payables
IMG -> Financial Accounting -> Accounts Receivable and Accounts Payable -> Business Transactions -> Closing -> Regrouping - OBBV, OBBW, OBBX
39. Revalue Foreign Currency G/L Account Balances
Accounting -> Financial accounting -> General ledger -> Periodic processing -> Closing -> Valuate -> Foreign Currency Valuation of Inventory - F.06
40. Posting Accruals/Deferrals
Accounting -> Financial accounting -> General ledger -> Periodic processing -> Closing -> Valuate -> Enter Accrual/Deferral Doc. - FBS1
41. Posting Accrual/Deferral Reversal
Accounting -> Financial accounting -> General ledger -> Periodic processing -> Closing -> Valuate -> Reverse Accrual/Deferral Document - F.81
42. Generate Recurring Entry Posting
Accounting -> Financial accounting -> General ledger -> Periodic processing -> Recurring Entries -> Execute - F.14
REgards
assign the points
Ranjit

FM account assignments need to be assigned for each grantee year

Hi experts!!
I have a problem when i execute GM_REVAL (Revaluation of Currency for Grants Management). System gets an errror: FM account assignments need to be assigned for each grantee year (Message no. GRANTMGMT363).
I've customized FMDERIVE in order to derive Fund center, commitment item, grant and fund. And GMDERIVE to derive Sponsor Program and Sponsor class. In a FI postings (FB01 or FBCJ), these derivations works ok.
Anyone knows how can i solve this error?
Thank you.

Hello Dolors,
for the revaluation you need to maintain default FM settings in the
customizing. See IMG - GM - master data - revaluation. Note that these
FM master data objects must be valid throughout the budget validity
period.
I hope this helps..
Best regards,
Mar.

Error Message When Running Transaction F.05

When running transaction f.05 to revalue foreign currency items, I am getting an error message" Error 543 FC Valuation SAPF100" for two of the G/L accounts and showing on the report <Expen.> and <Adjust.> instead of G/L accounts shown for debit and credit entries. No document or reversal document is created for these two accounts.
Any help is appreciated.

Thanks for taking the time to reply.
I have checked OB59. The foreign currency valuation method is already defined. and in OBA1, these two G/L accounts are also there. I could not find any field on the G/L master where to assign the valuation method. For some reason, other G/L accounts mentioned in OBA1 are being posted correctly and are generating the documents and reversal documents except these two G/L accounts. For the correct G/L accounts, against the Debit and Credit posting keys G/L accounts are shown while for these two accounts, <Expen.> and <Adjust.> is written at the place of G/L accounts in the report. Can you please tell me from where the system is picking these accounts that are shown for Debit(40) and Credit(50) posting?

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 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

Revaluation of currency

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