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CU03.1 - Currency Gain Loss Accounts
**Form Purpose
Use Currency Gain Loss Accounts (CU03.1) to define realized and unrealized
gain and loss accounts for currency relationships you want a company to
recognize. You must set up one set of currency gain and loss accounts, which
includes: realized gain, unrealized gain, realized loss, and unrealized
loss.This set of accounts is used for all currency relationships, unless you
select different gain and loss accounts for a specific currency relationship
and/or system code.
**More Information
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
ADDRDATA -
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.
INSTCTRYCD -
INVOKED Programs
IFAC
ACAC
ACCL
ACTA
API4
IFCU
IFOB
IFSG
IFLU
IFAU
SLSE
SLSU
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