This chapter contains the topic:
From General Accounting (G09), choose Revaluation and Restatement
From Multi-Currency Processing (G11), choose Monthly Valuation
From Multi-Currency Monthly Valuation (G1121), choose Monetary Account Valuation
If you use monetary accounts, you will need to periodically calculate and post the unrealized gains and losses on monetary (currency-specific) accounts. Generally, you run the Monetary Account Valuation program at period-end, prior to running financial statements, to do the calculations.
This DREAM Writer program prints a report that lists:
Domestic and foreign ledger balances
Current domestic value of the foreign currency
Unrealized gain or loss amount
Figure 29-1 Monetary Account Valuation Report
You can use this report as a trial balance that displays both foreign and domestic amounts. For that reason, you can set the level of detail in a processing option.
If the report includes more than one currency, the total for the foreign ledger balance column is a hash total and, therefore, meaningless.
Verify that the Currency Exchange Rates table (F0015) contains current information. See Section 35.7, "Working with Exchange Rates for Detailed Currency Restatement."
Verify that AAI items GVxxx, GWxxx, and GR are set up correctly.
The following shows a journal entry for the sample report. The program generates this journal entry if you set the related processing options.
Topic | Description |
---|---|
Monetary accounts | If you are using monetary account valuation over accounts that are designated by currency, use version XJDE0001. |
Non monetary accounts | Use version XJDE0002 if you want to perform monetary account valuation on accounts not designated as monetary accounts, and you are posting balances by currency. |