2nd Local Currency = 030 Group and Valuating Fixed Assets in sap fico

2nd Local Currency = 030 Group and Valuating Fixed Assets

Question: Hi all

We have activated 2nd Local Currency 030 = GBP. Company code 1000 has Local Currency = EUR.

At the end of each month we revalue the Balance Sheet for 1000 to 030 Group Currency using F.05 Foreign Curr Valuation.

This programme does not pick up the Fixed Assets accounts though and so Fixed Assets and Accum Dep (therefore NBV)are always reported at Historical rates.

Is this correct as our accounting department want to be able to report on assets in the BS for 1000 at the current exchange rate

Thanks in advance

Gidon

Answer:
Hi gidonb,

It is common practice that fixed assets be valuated at the historical rate instead of current rate.

But if your accounting department insists on using current rate to valuate fixed assets, then you could create adjustment accounts for each APC account, and create valuation entries manually via F-05.

Your FSV needs to be organized properly to group APC account, Accumulated depr account, and adjustment together to reflect the value accordingly.

HTH.
WanJun

Answer:
Hi WanJun

Your answer makes perfect sense, thanks. One last thing though if you have the time. Have you ever tried to get F.05 to Valuate assets as you have mentioned automatically. I am going mad trying and would love to know that it is impossible

Thanks

Gidon

Answer:
Hi Gidon,

To my knowledge, it is not possible to run it automatically.

We know currency revaluation in SAP can be run automatically either for foreign currency open items or for foreign currency balances (account not managed as open item).

We know asset accounts won't be maintained as open item accounts; and as for revaluation of GL account balances, the adjustments will be posted to account itself, which are not applicable to asset accounts (as they are reconciliation accounts).

HTH.