DEFINE ACCOUNT PRINCIPLES
Path : SPRO- Financial accounting(new)-Financial accounting global setting (new)-Ledgers-Parallel accounting-Define accounting principles
Select new entries button
Accounting principle :B
Name / Description of accounting principle.: INDIAN ACCOUNTING STANDARDS
Press enter to save in your request
Assignment accounting principle to ledger groups
Same path as above
Select new entries button
Accounting principle : B1
Target ledger group :0L
Save
Press enter to save in your request
Define valuation methods
Path: SPRO- Financial accounting (new)- General ledger accounting (new)-Periodic processing – Valuate- Define valuation methods
Select new entries button
Valuation method : AML1
Description : FC valuation bank selling method for AML
Select always evaluate radio button
Document type : SA
Exchange rate type for debit balance : B (bank selling rate)
Exchange rate type for credit balance :B
Select determine exchange rate of ratio button
Save
Press enter to save in your request
Define Valuation Areas
Same path
Select new entries button
Valuation area : BA
Valuation method : AML1
Currency type : Select company code currency
Save
Press enter to save in your request
Assign valuation areas and accounting principles
Same path
Select new entries button
Valuation area : BA
Accounting principle : B1
Save
Press enter to save in your request
Prepare automatic postings for foreign currency valuation:
Path :Upto valuate the path is same-Foreign currency valuation-Prepare automatic posting for foreign currency valuation (Tr code is OBA1)
Double click on exchange rate difference using exchange rate key
Give you chart of accounts : AML
Select change valuation area or right arrow button
Give the valuation area : BA
Enter
Exchange rate difference key : USD
expenses account :400301
expenses account :400301
Exchange rate gains account :300100
Select save button or Ctrl+S
Press enter to save in your request
Delete ledgers (other than OL) for Ledger Group – OL
April –March OL Leading ledger (India)
Jan- Dec G1 Non leading ledger 1(US)
July – June GL Non leading ledger 2(Australia)
At the time of posting – FI we don’t give ledger group it updates all the ledgers automatically
Indian accounting standards / US Accounting
Australian accounting standards standards (US GAAP)
FC revaluation Add to asset
Creation of ledger groups OL G1
Assign ledgers OL and GI G1
Delete ledgers assigned to ledger group OL other than OL
Path :SPRO-Financial accounting (new)- Financial accounting Global settings (new) – Ledger-Define ledger group-
Select ledger group :0L
Double click ledger assignment folder
Select ledgers other than OL
From the menu select delete
Ignore the message press enter and save
Press enter to save in your request
Assign exchange rate difference key in GL Master (FS00)
Give the GL 100301 SBI FC Term loan
Company code : AML
From the menu select GL Account change
Select control data tab
Exchange rate difference key: Select USD
Select save button or Ctrl+S
Foreign currency term loan receipt (F-02)
Give the document date : Today’s date
Type : SA
Company code : AML
Currency : USD
Rate :47
Posting key :40
Account :200100 ( Cash account)
Enter
Ignore the warning message press enter
Amount :100000
Business area :AMLH
Text :SBI FC Term Loan Receipt
Enter
Posting key :50
Account :100301 SBI FC Term loan
Enter
Amount enter :*
Business area :AMLH
Text :+
From the menu select Documentà Simulate and Save
Enter year end exchange rate in Forex table – OB08
Select new entries button
Exchange rate
|
Valid from
|
From
|
Direct quotation
|
To
|
G
|
31.03.2009
|
USD
|
49.50
|
INR
|
B
|
31.03.2009
|
USD
|
50.00
|
INR
|
Save
Foreign Currency Revolution
Path: Accounting – Financial accounting-General ledger-Periodic processing-closing-valuate-foreign currency valuation (new) (Tr.code is FAGL_FC_VAL)
Give the company code : AML
Valuation key date :31.03.2009
Valuation area : BA
Select GL balance tab
Select valuate GL Account balance check box
GL account 100301 SBI FC term loan
Select postings button
Give the batch input session name :AML
Select execute button
Select 1postings button
Select back arrow two times
Month end revaluation
Diff
23.10.2008 100000 47
31.10.2008 47.50 0.50 5000
30.11.2008 49 2.00 200000
Exchange Loss Option 2
31.10.2008 50000
30.11.2008 200000 01.11.2008 50000
SBI FC Term loan
23.10.2008 100000 4700000
31.10.2008 50000
01.11.2008 500000 30.11.2008 200000
Loss for October 50000
Loss for November 150000
---------
Loss up to Nov. 200000
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procedure for month end revaluation: (Tr code is FAGL_FC_VAL)
Enter month end exchange rates in Forex table
Company code : AML
Valuation key date : Month end date
Valuation area : BA
Select crate posting check box
Select reverse posting check box
Select execute button
Procedure for year end revaluation
Enter year exchange rate in Forex table
Company code : AML
Valuation key date year end date
Valuation area : BA
Select create posting check box
Reversal posting date :Blank
Deselect reverse posting check box
Select execute button
From the menu select àSystem –-> Services-Batch input – Sessions
Select session FAGL_FC_VALU
Select process button
Give the business area : AMLH
Enter
Second
Business area : AMLH
Enter
We get a message processing of batch in put session completed
Select exit batch input button
To view the document posted view the Tr.Code FB03
Enter
Select display currency button
End user area customization area SPRO
SAP easy access screen)
How to view path when transaction code is given
In command filed enter search – SAP- menu
Search –SAP-Menu
Press enter
Search text entry : F-02
Enter
