we can carry out foreign valuation before creating financial statements T F.
FCV includes accounts and items T F.
G/l account managed in foreign currency is valuated during FCV T F.
open item managed in foreign currency is valuated during FCV T F.
posting document generated by the foreign currency program is reversed automatically T F.
IN FCV,the reversal is dependent of the valuation area T F.
delta logic posting is used to avoid reversal of posting documents in FCV T F.
FCV adjustment posting can be posted to respective receivables/payable accounts T F.
FCV adjustment accounts appears along with reconcilation account in financial statements T F.
valuation method determines how line items are valuated t f.
valuation method adopt company code specific valuation regulation t f.
Principles of FCV lowest value principle strict lowest value principle. general principle delta logic principle.
on key date, posting is made to adjust overall receivables/payables balance for the change in exchange rates t f.
valuation area are not used to model parallel accounting t f.
subsequent valuation or payment clearing is based on orginal posting t f.
adjustment posting is always on the key date t f.
for every valuation run in FCV,we specify a run area t f.
for every valuation area defined in customising a valuation method is assigned t f.
valuation method contains valuation approach to be used for carrying out a FCV as part of closing operations t f.
specifications for a FCV valuation procedure document type exchange rate type.
in addition to leading ledger, non- leading ledger needs to be defined during FCV t f.
valuation method and company code are required entry field in valuation program t f.
PROCEDURE IN LEDGER APPROACH VALUATION 1 2 3.
sequence in exchange rate difference for open item managed accounts define rate difference account valuate exchange rate adjustment difference translate loss or gain for relevant company code translate loss or gain for relevant countries.
one valuated exchange rate loss/gain account is for all reconcilation account in subledger account t f.
valuated exchange rate loss/gain account is for FC balance sheet accounts t f.
number range interval for FCV valuation run is defined at company code level t f.
number range interval for FCV valiation run can be 1:N T F.
difference between normal FCV valuation and delta logic valuation is reversal of posting document after valuation T F.
we can execute valuation run with selected creteria only once T F.
Foreing currency balance sheet account are posted based on exchange rate difference key defined in customising t f.
we can enter individual value adjustments as a normal g/l transaction E t f.
PROGRAM SAPF107V is used for carrying out flat rate individual value adjustment t f.
value adjustment entries are posted automatically t f.
Flat rate IVA entries are posted automatically t f.
IVA for receivables is a Special G/L account t f.
Tax account is not adjusted during IVA posting t f.
SEQUENCE IN FLAT RATE VALUE ADJUSTMENT 1 2 3 4 5 6 7.
regrouping is carried out when vendor has a credit balance t f.
regrouping is carried out when customer has a debit balance t f.
regrouping is carried out according to the accounts remaining life t f.
regrouped accounts are reversed first day of the next period t f.
by defining regrouping method in customising, system selects cases for regrouping t f.
we cannot change a recon account in the vendor/customer master record during the fiscal year t f.
balance of an account determines whether the system displays it as receivable or payable t f.
balance of a customer,who is also vendor cannot be regrouped t f.
balances of two company code in a group can be regrouped t f.
line item is valuated for balance sheet accounts f t.
balance valuation is done for open items in customer/vendor/GL account T F.
A Proposal list is available to determine valuation difference T F.
G/L account in foreign currency may be Balance sheet account customer account vendor account.
FCV is carried out for a vendor account in foreign currency at the time of posting invoice during key date.
valuation posting is created by debit to expenses for FCV credit to adjustment for FC account credit to valuation difference account debit to adjustment for FC account.
adjustment posting is on key date T F.
subsequent valuations of FCV or payment clearing is done on the value derived based on valuation posting. original posting subsequent posting. transfer posting.
Valuation adjustment reversal date is always next day to key date. T F.
if we want parallel accounting model for FCV ,Valuation area and valuation method is to be linked to _________________.
posting in realised exchange rate difference account is done at the time of posting invoice clearing invoice.
Number interval for valuation run per client is 1 4 6 n.
no cancellation posting is made in case of normal fcv valuation delta logic valuation.
new transaction posted to the account since last valuation is valuated in the next valuation run t f.
foreign currency accounts are valuated by balance in account account name exchange rate type exchange rate difference key.
exchange rate differences in foreign currency are posted to gain and loss account based on exchange rate difference key foreign currency key currency key.
pick the wrong one(s) individual value adjustement are posted for doubtful receivables Doubtful receivables are written off as IVA during year end closing Both customer account and IVA account is updated during IVA posting.
valuation adjustment key is assigned to company code customer master record chart of account IVA Account.
Valuation run is performed once in a year during closing procedure t f.
if proposal run is agreed upon, the valuated IVA is transferred to General ledger t f.
IVA posting is reversed after posting date document date key date.
we cannot edit proposal generated t f.
We define _______rate percentage and _________ time for a _____________key debit,ovedue,valuation adjustment credit,period,flat rate fixed,day limit,currency bad debt,ovedue,valuation run.
Vendor with debit balance can be changed to customer like vendor account for regrouping t f.
Two creteria for regrouping is customer and vendor nature of balance and remaining life company code and chart of accounts.
Regrouping adjustment account is posted to respective receivables and payables account to provide a better view of accounts t f.
reveivable and payables are displayed seperately according to remaining life t f.
we carry out valuation run to calculate_______expenses posting for _______items bad debt,overdue ovedue,bad debt doubtful,bad debt bad debt,doubtful.
How can you accomplish an automatic flat-rate individual value adjustment Create a valuation run during closing Enter a value adjustment key in the customer master data Make an individual value adjustment based on special G/L transaction Make a flat-rate value adjustment posting for each period manually.
Which functions are provided by the Reclassify Payables/Receivables closing activity Adjustment postings for changed reconciliation accounts Regrouping and sorting of payables and receivables regrouping when customer has a debit balance regrouping balance of a customer,who is also vendor.
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