|
1 year ago ::
May 10, 2012 - 2:00PM
#1
|
|
|
Avoid currency translation pitfalls in SAP General Ledger:
Q&A with SAP ERP Financials expert
Rohana Gunawardena Thoughtful planning can help you avoid errors in currency translation and painful post-go-live reconfiguration of currency types. How do you prevent these problems? Post your questions about currency translation pitfalls and pain points in an exclusive Q&A with Rohana Gunawardena of QS&S, who will take your questions in a one-hour Q&A today, May 23 starting at 12:30pm EDT here in the Financials Forum. Have a question now? To post your question, first log in to Insider Learning Network, and select the “Post Reply” button below. (Not yet a member? Join today for free). Then follow the discussion in this live Forum today, May 23 at 12:30pm-1:30pm EDT. NOTE: If you have not yet registered for today's Q&A, you can still register now for an download from “Proven Techniques for Configuring Multiple Currency Types,” which Rohana Gunawardena will be presenting at Financials 2012 in Milan, June 6-8. (Look for the download link in your confirmation email). Moderated by Allison Martin, conference producer for SAPinsider Financials 2012 conference Sponsored by 
Moderated by
Kristine Erickson
on Jun 05, 2012 - 09:18AM
|
|
|
|
1 year ago ::
May 16, 2012 - 11:55AM
#2
|
|
|
- If company code are live, and didn't enable the group currency. Now, we want to enable the group currency, what are the things we could do and have to be careful? - can foreign currency valuation done by P&L accounts? If yes, what are the steps to do it?
|
|
|
|
1 year ago ::
May 16, 2012 - 12:03PM
#3
|
|
|
FAGL_FC_TRANS posts based on a financial statement version into usually CTA accounts setup to account for financial statement buckets. Is there a way for it to go back and post to the source GL account instead of just acknowledging the source GL account in the text.
|
|
|
|
1 year ago ::
May 17, 2012 - 2:18AM
#4
|
|
|
Hi. When the company code has more than one currnecy one is group currency and other is company code currency. At the time of Clearing transaction in the local currecy system tranlsates the value in group currency which create a line item for the Exhange rate diffrenct gain/loss account. How can we avoid this. Thanks
|
|
|
|
1 year ago ::
May 17, 2012 - 1:36PM
#5
|
|
|
Hi. 1.-The valuation in each period closing for Bank GL accounts on foreign currency are registered on the same correction account (Local Account for Adjusting Receivables/Payables)? 2.-The currency valuation of bank GL Account is reversed in each period closing. Is it considered difference realized?
Thanks
|
|
|
|
1 year ago ::
May 22, 2012 - 12:07PM
#6
|
|
|
We are about to add two additional local currencies to each company code and have the following questions: 1. Is it mandatory that you have depreciation areas for each additional local currency? If so, when the asset reconciliation accounts are translated at month end in ECC will they not be out of balance with the asset subledger depreciation areas for the additional local currencies? 2. What are the advantages of running month end translation in ECC (New GL) vs. only in the consolidation tool e.g. EC-CS or BPC? 3. The New GL foreign currency revaluation process (FAGL_FC_VAL) does not allow posting of the adjustment back to the original open item account. SAP notes 1227385, 1094379, 884639 apply only when you have one ledger. Do other customers have this requirement to post the FX reval adjustment back to the original open item account? If so, what solutions are possible? 4. Does adding a third local currency e.g. type 40 or 50 extend the classic GL table GLT0 (which only has transaction, local, and group currency fields) to include the third local currency or is this currency stored in a different table? Thank you.
|
|
|
|
1 year ago ::
May 23, 2012 - 12:00PM
#7
|
|
|
Hi Rohana,
I have few questions 1. The Group currency config in OB22 should have the Source Currency option 1 or 2 for doing the Foreign Currency Translation? 2. When Journal entry posted in the system, system converts the document currency to Local Currency and also to Group Currency. These conversions will happen only if you have config in OB22? if not what config system is looking at for converting the Document Currency to Local Currency and also Document Currency to Group Currency? Could you please explain the behavior of the system? Thank you, -Harish.
|
|
|
|
1 year ago ::
May 23, 2012 - 12:28PM
#8
|
|
|
My question is similar to Gerry Rodrigues' 3rd question. Chile has a statutory requirement to state revaluated debtor and creditor balances and this was possible in R/3 4.7 version where we had the ability to check "Balancesheet Valuation" and SAP did not reverse the FC valuation but with ECC 6 its no longer possible, all FC valuations gets reversed. How can we state revaluated balances. Regards
|
|
|
|
1 year ago ::
May 23, 2012 - 12:30PM
#9
|
|
|
Thank you for joining us today! In this one-hour Forum, we invite you to ask your questions on currency translation with SAP. I’m very happy to have Rohana Gunawardena of Quality Systems & Software (QS&S) here to take your questions today! Rohana is a speaker at SAPinsider Financials conferences, including this year’s Financials2012 conference in Milan this June. He’ll be presenting a number of sessions including one that deals with our topic today - currency translation. (If you registered for today’s Q&A, you’ve received a download link to a portion of his presentation.) Thanks to all of you who have already posted some advance questions! Rohana will be here for the next hour, taking your questions, and will be jumping in shortly to respond to your posts. Before we get started a few quick details: To post your question, please be sure to first log in to Insider Learning Network. (If you are not yet a member, sign in here.) Then click the "Post Reply" button below to enter your questions. Rohana will respond to questions with his own posts in the Forum thread (note that there’s no audio or PPT presentation during our Forum Q&As.) Please periodically refresh your browser to see the most recent posts. Rohana, welcome, and thanks for joining us – there are already lots of questions, and we’re looking forward to a lively discussion today!
|
|
|
|
1 year ago ::
May 23, 2012 - 12:30PM
#10
|
|
|
Has anyone installed SAP/FI without GC enabled and then had to enable it years later? If so, what are some of the lessons you learned from the project? James
|
|
|
