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
ACCL
IFCU
IFSG
IFAU
SLSE
SLSU
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