Asset Acquisiton posted in foreign currency

[former_member438773]

Dear experts,

Currently we r in ECC 6.0, We are acquiring assets in foregin currency, while making payment to vendor whatever the exchange rate loss/gain posting to the asset automaically by the system, as per the user requirement the exchange rate gain/loss should be posted to Exch rate diff accounts instead of Asset account.

Please help to resolve the issue.

Thanks & Regards

*********************

Kumar

[Former Member]

Hi,

while purchasing fixed assets in Forg. Currency that time effect should be transfer to Forg. Gain/Loss ,

[ajaycwa1981]

Hi

I guess the behaviour by the system is very correct... Even the Accounting standards say so.... Why should you charge it off when you can capitalize it?

In my opinion, check with your auditors about the accounting treatment...

Br, Ajay M

[former_member438773]

Dear All,

As per user requirement the Exchange rate gain/loss should be posted to Exch Gain/Loss account instead of capitalize to asset while making vendor payment.We have already checked with auditors and they are agreed to this accounting treatment.

Please help to resolve the issue.

Thanks & Regards

*********************

Kumar