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Former Member
May 21, 2008 at 02:00 AM

Foreign currency valuation process.


Hi Gurus,

I need some help on foreign currency valuation. Can any one explain the in detail the process of month end open item valuation. I need to valuate an open item account which is in JPY and the company code currency is HKD and group currency is USD. I have to perform both remeasurement(transaction currency to functional) and translation( functional to Group). I need step by step guidance.

Thanks in advance,