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Former Member
Apr 12, 2010 at 09:00 PM

Foreign Currency Valuation - Asset Posting - FAGL_FC_VAL - Foreign Currency

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We do have presence in Canada and Europe. We maintain local / USD group currency. Accounts payable / Finance posts acquisition / additions / Transfers to assets at average rate. As part of closing Finance runs FAGL_FC_VAL - Foreign Currency Valuation at spot rate. Our selection criteria is all BS accounts and valuate GL Account balances. This works perfectly for all the BS accounts except Asset value and depreciation reconciliation account. Currency value difference is booked through JE. As we increase number assets in the foreign currency , this becomes big headache. How should valuate Foreign currency valuation for asset value and depreciation recon account? Are we missing any steps? Appreciate your help. We are in ECC 6.0 and have implemented new GL.

Thanks

Uday Malghan