| # To set up and perform FASB 52 Foreign currency translation To set up FASB 52 reporting To set up FASB 52 reporting, use the following sessions: Exchange Rate Types (tcmcs0140m000) If required, define specific exchange rate types for FASB 52 Foreign currency translation. Translation Adjustment Scheme (tfgld5101s000) Define the translation-adjustment schemes. Ledger Accounts by Translation Adjustment Scheme (tfgld5503m000) Specify the ledger accounts for which you want to perform the currency translation and link the rate types to the ledger accounts. To perform FASB 52 calculation To perform FASB 52 calculation, use the following sessions: Adjustment Amounts (tfgld5104m000) Select the translation adjustment scheme and view the ledger accounts and the adjustment amounts. Calculate Translation Adjustments (tfgld5205m000) Translate input-currency amounts to output-currency amounts for the specified translation scheme's ledger accounts. To use two successive translation adjustment schemes, select the Successive Transl. Adj. Sch. required check box and enter the second scheme in the Successive Transl. Adj. Sch. field. Translated Amounts (tfgld5505m000) Displays the amounts posted to the ledger accounts after calculating the translation adjustment. You can use the Delete Translation Adjustments (tfgld5206m000) session to remove translation adjustment schemes that you no longer require. Related topics FASB 52 Foreign currency translation |