Hierarchy
SAP_FIN (Software Component) SAP_FIN⤷
FI-GL-CU-MCA (Application Component) Multi Currency Accounting⤷
FAGL_MCA_PER_GEN (Package) FI: MCA General Functions - Persistency
IMG Activity
| ID | FAGL_MCA_VFXV | Maintain Target Accounts for FX Position Account Valuation |
| Transaction Code | S_EBS_44000296 | (empty) |
| Created on | 20101203 | |
| Customizing Attributes | FAGL_MCA_VFXV | Maintain Target Accounts for FX Position Account Valuation |
| Customizing Activity | FAGL_MCA_VFXV | Maintain Target Accounts for FX Position Account Valuation |
Document
| Document Class | SIMG | Hypertext: Object Class - Class to which a document belongs. |
| Document Name | FAGL_MCA_VFXV |
Use
In this Customizing activity, you maintain target accounts for FX position account valuation to find the gain and loss accounts to which the result of the valuation should be posted in functional currency. Furthermore, you maintain the clearing account which is to be used when the functional currency equivalent on the position account is updated by a posting in foreign currency with a transactional amount of zero.
Foreign currency positions in the balance sheet represent the potential economic exchange rate risk in the respective currency. These positions have to be measured and valuated on the reference date using the current exchange rate. The gain or loss that is calculated is an economic value that has to be included in the financial statements.
The FX Position Account Valuation function valuates the foreign currency items on the source accounts. The system calculates the valuation gains and losses by taking the account balances in transaction currency and reading the equivalent value in functional currency of these balances for each currency. It then compares the equivalent value on the account with the equivalent value it has just calculated by using the exchange rate valid on the reference date to obtain the gain or loss. The offsetting entry shall be posted to the customized clearing account according to the MCA posting scheme with a transactional amount of zero in foreign currency and the valuation result in functional currency. In the 4-pack posting scheme the clearing account is optional.
Afterwards, the calculated gains and losses are posted from the position account to the separate P&L accounts for valuation gains and losses. In these postings, the transaction currency is the same as the functional currency.
Requirements
You have defined a chart of accounts using Customizing activity Edit Chart of Accounts List (Transaction OB13).
You have defined a process type for process category FX Position Account Valuation.
Standard settings
Activities
- Use the input help to select a chart of accounts.
- Use the input help to select a FX Position Account Valuation Type and specify the following accounts:
- Clearing Account
- Gain Accounts (Accounts to Which You Post Profits of FX Valuation)
- Loss Accounts (Accounts to Which You Post Losses from FX Valuation)
Example
Example of SAP System Delivery
You can use the example SAP system delivery as a guide for your configuration settings in the Customizing activity.
Business Attributes
| ASAP Roadmap ID | 204 | Establish Functions and Processes |
| Mandatory / Optional | 1 | Mandatory activity |
| Critical / Non-Critical | 2 | Non-critical |
| Country-Dependency | A | Valid for all countries |
Assigned Application Components
| Documentation Object Class | Documentation Object Name | Current line number | Application Component | Application Component Name |
|---|---|---|---|---|
| SIMG | FAGL_MCA_VFXV | 0 | XCG0000001 | Multi Currency Accounting |
Maintenance Objects
| Maintenance object type | C | Customizing Object |
| Assigned objects | ||||||
|---|---|---|---|---|---|---|
| Customizing Object | Object Type | Transaction Code | Sub-object | Do not Summarize | Skip Subset Dialog Box | Description for multiple selections |
| GLE_MCA_VFXR | V - View | SM30 |
History
| Last changed by/on | SAP | 20101206 |
| SAP Release Created in | 606 |
