Purpose
This program allows you to valuate the balances of anadditional currency (2nd or 3rd local currency) on the basis of USGAAP or ISRS (IAS).

Prerequisites

• Open items and balances of the first local currency need to have been
valuated with the program Foreign CurrencyValuation(FAGL_FC_VALUATION) for the postings generated with the program to beconsidered.

• Account determination for the currency translation
must be defined in Customizingfor Financial Accounting (New).
For this, use the IMG activityDefine Account Determination for CurrencyTranslation
On the basis of the financial statement version, you can definedifferent exchange rate types for each financial statement item andthereby different exchange rates for the valuation.