What is the foreign currency valuation,importance of the
foreign currency?
Answer Posted / satish kumar gunda
HI, Lets suppose you had a Business Transaction with
Business Partner Customer/Vendor in currrency other than
your company code. ex. USD or EUR etc... where as your
company code corrency is INR... In this case there will be
some payment term assigned to Vendor and hence an invoice
gets due after couple of days after an invoice is posted..
meanwhile there will be fluctions in the currency
conversion.. and the due amount to the Vendor may be less
or high based on the currency market. in order to track
this fluctuation in accounts we valuate the currency. that
is nothing but foreign currency valuation.
Satish Kumar Gunda
Is This Answer Correct ? | 15 Yes | 0 No |
Post New Answer View All Answers
What do you understand by a line item? : cost center accounting
What does field status group assign to a gl master record controls?
Explain the input variance? : co- cost center accounting
Explain automatic payment programmer
What is iban number in sap ?
What is a payment block? : fi- accounts payable
What is stored in table t001 ?
Differentiate between real and statistical postings in co? : co- general controlling
What are the segments of the customer master record? : cost center accounting
what is diff.between production by order and product cost collector?
How you can import electronic bank statements into sap?
In u r Implementation project how to pill up the gaps? tell me some deatiles.
what is deference Business area and Profit center?
How many numbers of line items in one single entry you can have?
For what purposes internal orders can be used?