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Re: [sap-acct] Foreign Currency Valuation in SAP

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Posted by VidhyaDhar (User-friendly SAP FI Consultant)
on Jul 25 at 10:05 AM 		Mark this reply as helpfulMark as helpful
Hi Roy

Thanks so much and I always count on your opinion because I am always
convinced that it is right.

Regards

VidhyaDhar

On Sun, Jul 25, 2010 at 4:01 PM, Roy B via sap-acct <
sap-acct@groups.ittoolbox.com> wrote:

> Posted by Roy B(SAP Financials Expert)
> on Jul 25 at 9:16 AM
> Hi VidhyaDha,
>
> I looked at IFRS but they only give a guide to translation
> adjustments on consolidation and treat these similarly to the old
> FASB 52 as a separate component of equity (non-distributable). No
> real help there.
>
> I like the French GAAP treeatment whereby unrealised losses are
> provided for in the P & L while unrealised profits are carried
> in the balance sheet. This is a conservative treatment and avoids
> reporting profits and paying taxes or distributing dividends on
> profits which are subsequently not realised, while recognising
> potential losses even when they are not certain. Many European
> companies adopt this sensible approach. In SAP you have to analyse
> the revaluation differences that the system posts and then manually
> adjust the unrealised profits back to the B/S. It is a bit of work
> but worth doind in my opinion. Hope this helps.
>
> Regards, Roy

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VidhyaDhar
SAP Accounting Helper

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