8/13/2019 47520806 Foreign Currency Translation http://slidepdf.com/reader/full/47520806-foreign-currency-translation 1/13 Foreign Currency Translation From help.sap.com documentation the following is stated on foreign currency translation Currency Translation Use You can translate your account balances from local currency into group currency. The translation is performed in accordance with FASB 52 (US GAAP or !AS. "owe#er$ you can also perform the currency translation for other currency types. Integration !n General %edger Accounting$ you can only perform a currency translation as part of the foreign currency #aluation. Prerequisites & You ha#e performed a foreign currency #aluation and ha#e made all the settings for it in 'ustomiing (see Foreign 'urrency )aluation. & You ha#e defined account determination for the translation in 'ustomiing for Financial Accounting (New). To do this$ in the !mplementation Guide for Financial Accounting (New), choose General Ledger Accounting (New) &* Periodic Processing &*Valuate &* Foreign Currency Valuation &* Define Account Determination for Currency Translation. +n the basis of the financial statement #ersion$ you can define different e,change rate types for each financial statement item and thereby different e,change rates for the #aluation. Features The account balances are translated from local currency into group currency. Activities & To perform a currency translation$ from the AP !asy Access screen$ choose Accounting &* Financial Accounting "# General ledger$Accounts %ecei&a'le$Accounts Paya'le "# Periodic Processing &* 'losing &* )aluate &* Currency Translation of alances & !n the general selection data$ enter a #aluation area (for translation into group currency$ for e,ample$ enter the #aluation area with your group currency. Example - Attention This is /ust an e,ample for FAS0 12 represented in SAP. The functional3reporting currencies are FAS0 12 terms. The functional currency does not ha#e to be always the local currency (currency type 45 in SAP. General 'ustomiing 'ompany code3%ocal currency 6 US7 !mplementation Guide Financial accounting (8ew &* Financial accounting global settings (8ew &* global Parameters for company code & Transaction code +0Y9
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