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RE:[sap-acct] Implementation of FASB 52 for realized Forex gain & loss

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Posted by Anton_FICO (Senior Systems Analyst)
on Aug 13 at 11:29 AM 		Mark this reply as helpfulMark as helpful
Hi Ravi,

If all your company codes are using "Current rate method" you don't need to have segregation by currencies (USD, EUR, etc); the segregation by currency type (30 and blank) should be enough.

I have a similar situation with 2 foreign company codes (same instance and same COA) that are using 2 different methods ("current rate method" and "Temporal method") and I haven't found a standard solution for this issue yet; please share your solution if you find one.

- Current rate method = Translation adjustment is reported on the balance sheet (Equity).
- Temporal method = Translation adjustment is reported on the income statement as a translation Gain/Loss.

Thanks,

Anton
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