CU03.1 - Currency Gain Loss Accounts

Use CU03.1 (Currency Gain Loss Accounts) to define realized and unrealized
gain and loss accounts for currency relationships you want a company to
recognize. You can select different gain and loss accounts by system.

The Currency system posts amounts to a realized or unrealized gain or loss
account if there is a difference between the beginning and ending currency
value of a transaction. For example, if you define an invoice with an exchange
rate, and the rate changes by the time you pay the invoice, the system posts
the difference to a gain or loss account.

When open transactions exist at the end of a period, the ending exchange rate
is used to compute the company's currency exposure. If a negative (credit)
variance exists between the beginning exchange value of a transaction and the
ending exchange value of that transaction, the variance amount is posted to
the Unrealized Gain Account. If a positive (debit) variance exists between the
beginning exchange value of a transaction and the ending exchange value of
that transaction, the variance amount is posted to the Unrealized Loss
Account.

Note:  You must define the company in GL10.1 (Company) before you can define
currency gain and loss account information.

Updated Files

    CKPOINT    - Used for recovery of this program.

    CUACCT     - This file stores a company's currency gain/loss accounts for a
                 particular currency relationship maintained by this program.

    CURELAT    - Used to validate the existence of the currency relationship.

    GLMASTER   - Used to validate the existence of the General Ledger currency
                 gain/loss account numbers.


Referenced Files

    CUTABLE    - Used to validate the existence of the currency table.

    GLADDRESS  - Accessed by a Common Routine used by this program.  File not
                 used by this program.

    GLCHART    - Used to validate the existence of the gain/loss account.

    GLCODES    - Used to validate the existence of a system code assigned to a
                 CUACCT record.

    GLSYSTEM   - Used to validate the existence of the General Ledger company.


INVOKED Programs

    IFAC
    ACAC
    IFCR
    IFSG
    IFCU
    IFAU
    SLSE
    SLSU