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Multi Currency Accounting

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248 views9 pages

Multi Currency Accounting

hjkhlkjhlk

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chess
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sisa019 Mult: Currency Accounting with SAP SIMHANA tetos | Cose Studies | Write Papers |QBAS | Webinas I Videos | Blogs I Podeess | EVENS W | Magexne I Why Subsribe? ANd sider “= UP NEXT @ SAPInsid Anicle Wednesday, March Multi-Currency Accounting with SAP S/4HANA tein cov Your € Compliance Must be E by Dabssi Panda, Soir Suppor Engiaar SAP Max Alanon, SAP Americ Ie ‘fb auntie ay 30,2018, Mandy, March 18 Lear hom to ue the SAP mult curncy accounting (MCA) ature in SAP ERP Cantal Cmponant (ECE) aa part of he Conferences & Serine nema ut earn ined onan aan cpt ening ppc ay sors ‘tehsoge (PH) Hakone polon level and te valuta este on oul ase fal mesh, “Tuesday, Merch 19 Conferences & Serine Banks an ancl nestane regia a conmon foreign ecange (FX) vlan ard postion managersnt prose Ths einen [rocassaeoles banks ane ancl mtutons fo manage er expesirsin ralgn cureney bases on one cali postions SAP Administration 26 pr cine. Ine proces nase bank ane rani eens to ranaarm ter prof ana nes 4.) no a fncenl anay aginst wich or fon cnc postions ao esessoa. Using ths process, barks ard tancalinsthuten ae abo Conferences & Seminars: HR fH value curency postions at ar gan taal noncuncona cuendes eareaconal cl, UD Tene) Innovations 2019 tne corner HC Keach cree ran ai rege px Sntcrriey cet immu crecyaewliwowe sovusteamet cinerea ie, Sefeencs & Sina: Fnac Gum voeel tevaconciee eusroeehreecesoreey sate te comer wears Somypotowtemvaoe nie SAP coum fetoeccnncoes menses aan aed coe Pa Soceigamonyopeha: sever sos ary supcmery watedoreeh For expe US oan astuon hes subsites in Catads and Europe wih We gous cueny 8 USD. The Canadian subs ity has nal eaency ab CAD ans detng wi ren reign extends, such GBP, EUR, ang CH. The Cena substi wat o mein is ign aurency goons exponen unctona tency CAD a8 pox oe local eteny afte Conasanautsday. Lhe, te Eure subi wih al cater as EUR, delng wih tagh NChin SAP General Laeger Aeron F-GL) valle sarng wth SAP ER Cental Campanen (ECC) 9 fmmnrceretpacage& and canbe ured wih he cle gener dpe and the SAP Goneral Ledges MCA pois enhances Prscsionm cuency conoren offen exchange (FX) rt of 28 gs wih 6 ofthe dg tare dcmal plas apart the curart 12 age wih ve digs atthe deca, ‘Wo rable WA you ECC environment eavate he business non (FN_GL_ MA) by folowing MG path SPRO > ‘etvate Busnes Futons or use vansacton cage SPN, Tis lon deplys the sven Fig 3 Toate bus funatosFIN_CL_MCA, select and ck te aces pt shown in Figure 1 (The sep carla by the Bai ean, ‘end vrs do ol uu ave ace to Stn Framework Custaiingransacton coe St WS, = Tt ————— Figure 1 MCA business function ‘Mor att, he standard MCA carigurations,ransctors, ard ales (GLE_MCA’ appear your stom. ‘a comps mo MCA corsguaton 2 ps your bsness neds, flow mens path SPRO > Franca Accoung (New) > Geral Ledgr Accounting (New) > Pare Processing > Mul Curency Aceavnng (New), Fao te eps fe SAP Heb contain gue compte Bs congo, (ota Th ti primary focused on ne gana pulance and ne ase of MCA. Reade ae sid to go ough [SAP Help cnfgwalion gud belo coring mas your business Pass) Maintain and Display @ Market Data Exchange Rate ECC enable antanced reesanincurery corwarsons tough NCA. It paste cuoncy va rlatorship ne marat aa ervtonmet. Three, whan you eta I cocuments, te Meat Sala exchange fal alow you use XaNgS ‘it a axiru 628 estos to make th cuency conversion mote azure: +e cape ‘You can contal be use of dosurat yp ae whe you war use marke! data excarge aes o case curency arsaton whan posing I document bvougheoatgwatn stos. “Ta mainn meta ata exchenge te allow men pts Accounting > FianlAcceunting > Geral Ledger > Paseie Pracesting > Mul Cuency Accounting» Exchange Rate > Enter Matt Dats Exchange Ra or we aneacon cde “The sytem then delays the soon Figur 2, rie daa inthe Markel Osta Wa, Exchange Rate Ciiegny rom Cure, TaCureny ned Vast Dt ede srownin Figure 2, hitpsIsapinsider wispubs.com/Assots/Aricles/2018/May/Financals-Expert-Mull-Currency-Accounting-wih-SAP-S-¢HANA 19 sisa019 Mult: Currency Accounting with SAP SIMHANA Spe Dale —Yoor99200) Figure 2 ‘The Eait Exchange Rates sc-een ‘lik the edt icon to display a sereen fo fing in the exchenge rte values (Figure 3). ‘Maintain a market data exchange rate ne Quotation eur, select te guaaion ype a Dac Quote niet Qua ani the Exchange Rate clans, tran cachange ale vale, Chk the save on [save your antes, Mt you main hi engin fo document pes, he eur exchange ate ds as (to: orc or noc quotes are wo Soren aye of rosening tn axchargo rae. For example, USD = 14 CADSe a deel (he, buh CAD = 111.4 USD an equate) ot cata axchange rts, hich re obtained rm soins suc a lomber and Rais can be vine exacting treason ee ANF PX 93, MCA Journat Processing “Ts incon abe used or ranulreaton ot FX documento cose business ansacton a re ot covered he poduave systoms oto covet sings the wer npated Yom soveeSytons and aul nt be cored al tha soe ‘Youcan use MCA I eat the flowing documents manly ia ign cence ‘+ MCA eural-Mutfe tons Wen een cranes canbe proses. prkd osm asa omen tro ‘eoacon ol carro Fer eae MCA nl canevardia pea ener Pane oe oe 1+ XS Mapluy of sl carey tansactone canbe pest pred opi a wigs nih ‘stomata spat pastan recogni. Fo sar, sap san be are pot ora bark ella ar GP poston {Stuy @U80 pester, ‘+ Adjsirat of Xx Postns- is arson slows manta caress en Px poston scouts Psion eco ees ‘Se generated automata ye Px sap aren, For echo ate opons, you can park and smuaa the cecum and rst ror ayuts ar your requrenans “Tne MCA Journal posing tnctons do not place te los fr mana docu ety in FECL You cn st post our ‘egulrjourade Doug be FECL Jounal ny sae. ‘Accounting > GaeralLadjeriGanesl edger New » Pata Processing > Ml Coney Acruring> Document Ey. Tho "jtom hen dapae the ateon in Figure Inthe Docurer! Header aco, elt de'a mre Daruent Dat, Doce! “ype, Conpany Case, Posting Data, Refrenc, ans Document Head Tex Sls, Inte ire ars econ ppt es sown min Figure 4. Save yur joral by ekekg he rave an (Sie er acetate enccea tatiana Figure 4 ‘The Create MCA Journal screen hitps:Isapinsider wispubs.com/Assots/Aricles/2018/May/Financals-Expert-Mull-Currency-Accounting-wih-SAP-S-¢HANA sisa019 “Mult: Currency Accounting with SAP SHANA rome OI 37 wp corp Seb 8 | rome tome 207 wen posed cp te 388 Figuro 5 Document number generation ‘an ustarsactn ide FSMCAD, to dap 2a marualy generate MCA an Fl dosuments row men pat ‘Accountng > Fran Acovteng > Gane LedgGeveal Ledger (New) > Pete Proesang » Nut Cureney ‘Aecouning > Dasimort> MCA Decurat sau. The ste bn alae th tae Figur 6 [cere IE me = f£ i= 6 Figure 6 Enter header data values inthe MCA Document Journal screen (ts Te document i Figure ae vein general nena talents nd al balances) tn Figure 6 ore he head dalain he fel such as Company Cade, Document Number Fiscal Yeu, Ledge an Laeger ‘Graup ne Ganral Sloss group bos, aie ha slocton ates inthe len al scion, Yous vee apon oF franrg aval ihe MCA rn ID els. ler you alr dia fo your busts nea, cles te excite con. Tis chon ‘playa ha soroon Figure 7 Figure 7 MCA Journal entries displayed tn Figure 7, double-ck an ety in th Is pay the ancl accu F document pan evan af reney trator wha marl dla exhange ra for renal acertng decent pes cup conigraton al ocunents poned wi ate donner ges tar vse are! dla exctange as or euaney Yaron Tira da sxange Fat ca ale be vedinregubr IL sccountngdocirart posing FOS) au shown Figure & ever 6 Arun Boe Compan C8 BEB om Geneon Set penn Hi femseee Figure 8 Regular Git accounting posting wth a market data exchange rate ‘The hey svaniage ofthe MCA Docuneal Jura posing sen hang the curecy kay in the nee evel Fo exam bunk ats nd org curenses and generating daly aes ncomes fom mul loteign cares can Ue he MCA |ouma vansacono took he raves ncore agains athe bring surareyINcuph one MCA desu, aga! mse camer pe vansacton rnc aught regu FSI ou. MCA Profit & Loss Processing Baring ansecions exact nfl ouences genrats revenue an expanses in frag cence Tose cron are ‘gun PAL caus, Forte puposes tH xn, ne uD raparig, you muscles ard ok quent ales n ‘eturconel urency tr tose revenues a exoeroes.Laceg Bese ves erates out ebnqush betwen De Pot ‘ued of ss incu fo tha tanseton sel and he prot bes tht esl tr ucustons Inte sxchanga te. The Ireome tatrer conan tre intone ot shown Figur 8 hitpsIsapinsider wispubs.com/Assots/Ariles/2018/May/Financals-Expert-Mull-Currency-Accounting-wih-SAP-S-4HANA aita019 Mult-Curreney Accounting with SAP SIMHANA Fang the unctonl Tansamatonot caneney amount er re tantrn cancion crane cpentiona Pl and heey, Inte functlona ‘erdon shang) scout aioe sets Pabseowaray Figure 9 PAL process diagram Bete undestendng ne PAL pocesig you need o uncrstand certain ey MCA prartes: Inbelance-based processing, you st seth edger eowroanent paranstro defn th lager which no sytem treet the P&L prooess. You ce than choose beeen he ay hope etd ma de of orev eae enroneent. nh daly leg, wich s oilgues separa pat of requ i sap, you process te rebar’ daly akarces nthe chosen ey cate range Inthe marshy ledge, you proces the ances Rom De specasprlad fhe ea Irdosurenttaves processing, you can we fret seleionpararotars (er exarph, pong da, oid of cal eae stro which socument re cod he PAL pcan. The nar owiehe Soca re asignd the PAL prosast Ieerved rom i ginal document. Ine dec maid, PAL pressing post een the sauce accu In teinsret etd he fasng sed ara potngs rom PAL processes, Therefore, doeanthave ay de impact on ‘neregubr PAL accoot or Contain (00) ea (oe: Bere exzcutng ayo te PL taance ses rocesses, be ur sgn he sopoprate NCA ays tothe Git {accounts inte mater catzané compl tho aczoun etemnaton sips fal PEL ana balance shoo processes SPRO {bb conigure. Aart th SAP neb gud or coring the MCA Precss congas) Ins pss banking wenactons conducts acrency oar han th functor caren ganerat name era expense Into fol cuency. Fr eecouning tax ane group reporting purpose, he unctanal cency equiva Pls Income ad expense mu be clusted and locke (ozo), wn anaes You odishqush olween he prot eamed oles Ince or te vansec stl and he pot oss ta asus fom Nusuators Ine exchange as. ‘You can ute vancacton code GMCA,PLL_D ook Be PAL fate ary src in uta eurency. Inthe sereen Be ‘yt lays, populate he fla shy n Figure 10a he click execs, Entec th selector uch a company eae docunan dl, posing dle a cal yer foreleg you PL ne lam. The mote apo you sete fs he proces wil be. Ena te asain dal, ostinato posing tha PL Tock ret ser processing. You cn se he sultan open oan your eres lore exec producto made Lock Pa Accounts: Document-Bosed eeuR =F | hitps:Isapinsider wispubs.com/Assots/Ariles/2018/May/Financals-Expert-Mull-Currency-Accounting-wih-SAP-S-¢HANA sisa019 Mult: Currency Accounting with SAP SIMHANA Figure 19, P&L Lock process ‘Mer you ck te nse cnn Figure 1 he etl othe PAL Lock procs egy in igure 1, Double-click ha PAL Tn ts ply tenia econ docunl posing shown Figure 12 Figure 11 PAL Lock results Figure 12 te arsacson curncy rata ran te fnctonal cure. This ip optoral, Only us this you dona ave fo ‘rato any crany valine in th oncoralcareney on th eferene ala. Azan exer dy lang you wl I terrave your Pal balzncar Slane shea seooutintarsrton earency ary end want her futon corey st the endoftha rors eo tansacon ade GMCAPLCL_D oper ha PA oa, To reach ne sre you can al flow me ath ‘Accounting > Franca Acoureng > Geral Lederer eager (Now) » Pats Pressing > Mut Curency ‘etounng > Pare Procaeeng > PBL Processes Oocmve-Based > Cove Dosumert-asea PR Acca, Populate los as shown i Flgure 13 an han ck he oxo on Err aston nia suena company co ecu: dat, pstng eae, fecal you, ana caren fr slcing you PAL Ine ams. The mote selection cps You eis, beater te procos wl bo. nto Pstngs section ero he Yastaon date end ne posing date fo posing he PAL ose resultater processing nthe Tarlton Date ard Postog Oat tls, respecte yeu dolar the posing ea the {stom corde he dal of xocuslon a ho post date by dtaut Ino Tochical Parameters sco, you can se! he ‘Strulon chek boro smut you eras elreexecuty in producon mode iene DM Account Roce Re RAAT ost SS i i | | BEER face fat Figure 13, PL close process {eel the new acoaunng ecient poting x depayes Figure 15. Figure 14 PAL close process results a ET A Figure 15, ‘Accounting posting for the P&L close process hitps:Isapinsider wispubs.com/Assots/Arclas/2018/May/Financals-Expert-Mull-Currency-Accounting-wih-SAP-S-¢HANA sisa019 Mult: Currency Accounting with SAP SHANA “Ts tinct suse ovantom te expanses and evens tht woo posed o PBL eocuns noe funtonalcurancy. ‘The sytem cna al postings om Be peed m ich Me Venaczoncurency Was erento hs uncona cent. ‘ne sytem mats no poss in ef cuency and mates the posting nthe ‘onzonal cen “Te pot inthe frig uency anesthe balance the fan cen a be gia ecaut ae psien steer. The posing ha unctanal ueney generates 3 alone n te urea cuency ne gel seat ened a ‘soning, wean be eer a belance thet eccouter he egal PAL aout. “ovarsioen he eats snd evens tha: wee posed o PAL scours nl he uctonalcurery exeete wanseton code GUGAPLT_Dar alow mans path Accowing > Fiance Accounting > Gere LedgetGorer Ledge (New) > Pease Procesing > Mul Curency Aosouting > Poise Poceaig > PL Prosrare: Doser awed» Transorm Docure ‘eed PAL Azzounls: Pople Be ele ae shown in Figure 16 Ene selection clara, sua orgy cose, dora it posing te. acl ys, and arency a slecng your PEL Ine ler Te mae slecon eplors you choose, te ater ‘raraacsono anetaal caren, are porting dal for posing te PL. vartor als ae rosea, nthe Terie Parameters scion, you can ane! he Sultan check bor siult your ents Boor exerting prosucton masa Aer yourener your san cee he axe can oamm — = — fomerg rs pen ain Ok Figure 16 PAL transform process ‘tar you ck te ence nin Figure 16 he eso the PAL ransom proces are shown in Figure 17, Dovaleekx he PL tartan tee lo apy he dal ccauting cacurent ost os shown Figure 8 Fem red SETI ES EDIE SEE Figure 18 Accounting enties fo the P&L transform process Monetary Asset Valuation Process “he funeton segue esa vtion of ash acount andahermanetay asst zai, such ae cash conus oF loan accounts at ae ssva in forign cuencas, Monetary asset evauaton detemios to orgl Dance Fares on he speed monaary asset acaurs, ese the balance Faves ne functenalcrey forthe exchange aes ht were ‘ld on te retereoe det nd dering the vison rau Torevabie foign eurencypoitns on polo acount, execu rasacion cade GMCA MAR o few men pth ‘Accounting > Finacial Azavttng > Gael LederGere'al Ledger (New) > Pere Prosnang » Mul Curery ‘ezouning > Parade Procareng> Evalue > Maney Ase Revalinion, Pops he fear shownin Figure hitpslsapinsider wispubs.com/Assots/Aricles/2018/May/Financals-Expert-Mull-Currency-Accounting-wi-SAP-S-¢HANA aisa019 Mult: Currency Accounting with SAP SIMHANA GERE Figure 19 fon erin uch a8 crpany eae acount, ansedon cen ledge and ference dt. Sle! he Valle (nly eck bo for selecting monetary asl toms. The ave seleion aps ou chose, he aie he ‘an sel he Simuton ches oxo snubs your enon ble exesnginposucsn mode ‘Aor you ck te exec cn Figure 1, he os of th maneary asst vain ae shown Figures 29, Dovste-tek thermenetay art valaton toms epi menu aecounng document posing a own m Figure 21 aesasr asensemeces Figure 20 “ “—" “ Monetary asset valuation results maar ae [nbs eee pee ee Figure 21 ‘Accounting entries for the monetary asset valuation ‘Spot Postion Valuation Process Foreign eurencypsitarsin he balance shet presale polenta economic exchange a ik in ne esecve cueny. ‘Tess poilos shuld be messufed and valle ane efeerce dle ug te cer exchange ate The calcd gun of ‘oes ian economic vabe al anu bo ncied ite fear sales. To deri te vlan ptt rae he sytem congas ha orn crane vans wih te squvle vale calcd tase os he exarge ate val oe ‘elerone dal. Aer excion he sol oso valuton the sytem geal two accounting posing ‘ezoutng> Gore derfGeneral edger New)» Pete Paessing > Mu CurereyAccting> Pro Processing > Evita > Evaluate FX Postion Aerout Papua eles shown in Figure 22a the ek the exact eon. hitps:lsapinsider wispubs.com/Assots/Arilas/2018/May/Financals-Expert-Mull-Currency-Accounting-wih-SAP-S-¢HANA aisa019 Mult: Currency Accounting with SAP SIMHANA Pap Sok Figure 22 ‘Spot position valuation process rer sco ctrl, uch a campary cade, account wanaetoncurory. dpe and eferance dala Solace Viste ‘Mor you ck te exec cnn Figure 22, he ess of to spot oon veluston re payee he rox coon (Figure fea 835 Bs = i Figure 23 Spot position valuation results Geta eee SermEEIE eee Figure 24 ‘Accounting entries for spot positon valuation Debasie Panda Debasi Panda (seb.asi2@gricom) is an SAP-erifies profession wth 19 yore of cansng expres SAP FICO, Hea been apr 9 many {els poor projects 36 FU oad More from SAPinsider Enhanced Development Toots Delivered with ABAP Platform ‘809 “Thott lease of bo on-premise ABA? plnor,vrsan 1800 doers Journey toa Stross-Fr imaligent Enterprise [An insiders Look at SAP 'S1aHANA Migration Drivers hitps:lsapinsider wispubs.com/Assots/Ailes/2018/May/Financals-Expert-Mull-Currency-Accounting-wih-SAP-S-¢HANA sisa019 Mult: Currency Accounting with SAP SIMHANA Coverthe yearsate han 3.000 SAPSRck Sih jonos SAPinsl6ars developers rao sopnistcaad, hones winters ofmitons

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