Currency calculation in FST

In 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:

  • Report Currency
    This currency can be any currency for which rates exist.
  • Calculation Group
    This group defines for each company which home currency must be used.
  • Use Currency Gain/Loss Statement Account
    Due to the currency recalculation (because the history and/or the rate type may vary) values may differ.
  • Default Rate Type
    Used as default and to determine currency gain and losses.

• Per statement account, in the Statement Accounts (tffst1520m000) session:

  • Use Historical Rates

    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
  • Currency Gain and Loss Account

    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:

  • Rate Date
    The date used to read the rates. Used in n2 and n1 (unless history rates are used).