| Currency calculation and the standard currency systemIn the standard currency system, LN can (re)calculate
the statement currency in one of the following ways: If the statement currency matches the home currency as
defined in the calculation group, or if the local currency matches the
statement currency, LN retrieves the historical amount (based on the historical date) and the current amount (based on the rate date) from the
tfgld205 table. In short, no calculation takes place. See Example 1. If the statement currency does not match one of the home currencies or if the calculation group specifies a
currency other than the local currency, LN calculates: - The historical amount (based on the historical date) from
the local currency into the reporting currency, using the rate as defined per
statement account and the historical date taken from the year and
period.
- The current amount (based on current date) using the rate
type as defined on the statement and the rate date as specified during
processing of the statement.
See Example 2.
Example 1 Statement currency | = | EUR | Home currencies | = | (USD, DKK, EUR) | Use Historical Rates | = | Selected | Calculation group indicates that position 3 (EUR) must be
used | Rate type statement | = | FST |
Amounts from tfgld205 in home currency: 1000 USD, 4455 DKK,
900 EUR Resulting amounts: Historical amount (used on the FST report) | = | 900 EUR | Current amount | = | 900 EUR | Gain and loss amount | = | 0 EUR |
Example 2 Statement currency | = | AED | Home currencies | = | (USD, DKK, EUR) | Use Historical Rates | = | Selected | Calculation group indicates that position 1 (USD) must be used.
(Only position is allowed, because the statement currency is not one of the
home currencies.) | Rate type statement | = | FST | Rate
type account | = | FS2 |
Amounts from tfgld205 in home currency: 1000 USD, 4455 DKK,
900 EUR Currency calculation and the... | |