FAGL_FC_TRANS vs FAGL_FC_VAL

[Former Member]

From what I read, FAGL_FC_TRANS is used for valuating local currency2.

But then again, FAGL_FC_VAL can also be used to valuate local currency2 (group currency).

So what is the use of FAGL_FC_TRANS or difference in functionality?

[9743411446]

FAGL_FC_TRANS

Please suggest on this configuration 

[former_member722192]

Could you please share if FAGL_FC_TRAN can translate reconciliation account type A for fixed assets? I only see references to AP, AR and non reconciliation accounts. Thank you!

[siwar_taleb]

Hello,

As response to your question, please note that:

The currency translation (FAGL_FC_TRAN) allows you to valuate the balances of an additional currency (2nd or 3rd local currency).

In General Ledger Accounting, you can only perform a currency translation as part of the foreign currency valuation.

Prerequisites

-         You have performed a foreign currency valuation and have made all the settings for it in Customizing (see Foreign Currency Valuation).

-         You have defined account determination for the translation in Customizing for Financial Accounting (New).

For further details, refer please to this wiki page:

Foreign Currency Translation - ERP Financials - SCN Wiki

Hope this helps you..

Many Thnaks,

Siwar

[Former Member]

Hello Pixel 8 ( nice name )

There are two process in foreign currency :-

1) valuation-i.e. to valuate all the open item in local currency 

2) translation- to valuate all in group or consolidation currency for consolidation purpose

FAGL_FC_VAl- is to valuate the open item in local currency

FAGL_FC_TRANS- is to translate the balance sheet item & P&L to group currency for consolidation purpose.

Hope this helps

Regards

Rishab

[Former Member]

Hi

FAGL_FC_VAL can actual translate both balance sheet and P&L to group currency as well. It is available in the "GL account balances" tab