| Currency calculation in FSTIn the Financial Statements (FST) module, you can define a statement currency that is not one of
the home currencies. Therefore, you must indicate how LN handles
recalculation. For this purpose, you can specify the following: -
Per statement, in the Financial Statements (tffst1600m000) session: This currency can be any currency for which rates
exist. This group defines for each company which home currency
must be used. Due to the currency recalculation (because the history
and/or the rate type may vary) values may differ. Used as default and to determine currency gain and
losses.
-
Per statement account, in the Statement Accounts (tffst1520m000) session: Indicate whether the historical date must be used. The
historical date is determined by taking the last date of the year and period
when the transaction was booked (tfgld205). This field allows you to calculate
the amount in the statement currency using the rates defined on the statement
account. - Rate Type
Due to the currency recalculation (because the history
and/or the rate type may vary) values may differ. To calculate the difference the following formula is
used: currency gain and loss amount = n1 - n2 n1 = amount calculated in report currency, using the rate type of the
statement account and the date (either the historical date or the current
calculation date)
n2 = amount calculated in report currency, using the rate type of the
statement and the rate date specified during processing
-
During processing, in the Process Financial Statement Values (tffst1249m000) session:
Currency (re)calculation and currency systems How LN (re)calculates the statement currency depends on the currency system
used. | |