In CFM - ECC 5.0,
When we do roll-over of forex forward contract (original),
1. The original contract is cancelled @ cancellation rate as on date today which different from forward rate of original contract.
(For this IMG config is done for capturing cancellation rate ) (cancellation contract)
( By Default - Offsetting in sap occurs @ original rate which the client doesn't want.)
2. The new or roll-over contract @ current forward rates. (new contract)
For the point no. 1 :
The gain /loss between original contract & cancellation contract on rate to rate basis needs to be captured for passing accounting entry.
a) Can be done throgh flow-types. But how to assign the rolled-over gain/losses to flow type ?
b) Additionally, while passing accounting entry for rolled over gains/losses, the client has the requirement that :
i) The forex contracts both buy & sell for which goods are despatched or recieved to passed on to the Profit & Loss
ii) The forex contracts both buy & sell for which goods are NOT despatched or NOT recieved to passed on to the Balance Sheet account.
Can anybody suggest the IMG guidelines for this specific requirement?
Thanks & Regards
M N Gurram