Hi All
I have few questions regarding foreign currency valuation & translation i.e. FAGL_FC_VAL & FAGL_FC_TRANS.
a) Is Asset account always translated not valuated i.e. through FAGL_FC_TRANS not FAGL_FC_VAL?
b) Are shadow accounts/balance sheet adj 1 account mentioned in OBA1 valuated as well? In my view only main account (reconciliation or Open Item Management) to be valuated in this case.
c) Are normal G/L accounts (without reconciliation or Open Item Management) valuated as well. If yes does these accounts need shadow accounts/balance sheet adj 1 account. I think they are valuated but not required any shadow account.
d) What is delta logic in Foreign Currency Valuation? why it is required?
e) Are Profit & Loss accounts valuated as well?
Pls advice. A healthy discussion would be appreciated.
Regards
Pankaj