Reversing monthly re-instatement in FAGL_FC_VAL

Hi
We executed foreign exchange fluctuation re-instatement in FAGL_FC_VAL.
But i want to know about system behaviour if we run FAGL_FC_VAL at the last month of the fiscal year. I learnt that its not posting reversing if we run it on the last month of the fiscal year.
I want to know its system behaviour with respect to reversals of forex re-instatement. Please help.
Edited by: Meenu_ND on Jan 22, 2012 6:12 PM

Dear Menu
In the selection parameters there is a revesal posting date and reverse postings tick mark is there you need to select these while executing the report.
Suppose if you are execuring the FC valaution as of 31.12.2011 than reversal posting date should be given as 01.01.2012 and also put the tick mark for Reverse postings. Once you run the report it will pass the FC valuation entries on 31.12.2011 and subsequetly reverse the same on 01.01.2012
Hope this will clarify your doubt.
Thanks and regards
Khadeer

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Reverse Revaluation Process after month end

Hi All,
I want to ask is it a common practice to reverse the revaluation postings done by FAGL_FC_VAL after the month end process? If so, that means the revaluation process is just giving us a better estimate of the outstanding AR and AP amount in the balance sheet to make it more accurate. Is this correct?
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Hi,
Foreign Currency Valuation is needed for all open items (G/L, A/R and A/P) as per different Accounting Standards so that Balance Sheet of the entity displays correct Profit or Loss for the period.
However since the items are still open its advisable to reverse the valuation on the 1st day of the next period. That's why in FAGL_FC_VAL, system would posts to Unrealized Exch Gain /Loss Account.
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helllo
why does the FAGL_FC_VAL for foreign currency valuation reverse the posting in the next period automatically. please explain the logic and reason.
Tx

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When you run this report during month end, the gain or loss from the rate differences are actually not real. As we are just adjusting the books of accounts for the month end purposes and as the profit/loss are just virtual, we book them to unrealized loss/gain account.
When we actually make the payment to a vendor or receive payment from a customer, the loss or gain from the currency rate differences becomes real. Thus we charge the loss/gain to the realised account at the time of payment. Now, at this point, if we have the unrealised loss/gain also in our accounts, it is meaningless.
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713,000.00-
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14,860.00-
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535616
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Hi Friends,
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I think You have done a simple mistake,
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U should have reversed the settlement, and reversed GR...
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Check it in SANDBOX.
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Order        Seq.   OpAc
Message Text
E       Z1                   025                                                  1        1
Reversal is only possible after CO-month end closing !
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Rates for monthly currency valuation (FAGL_FC_VAL)

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I would like to try to use different foreign currency rate for B/S accounts and P/L accounts when I run the FAGL_FC_VAL.
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Reversing monthly re-instatement in FAGL_FC_VAL

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