Profit And Loss On Foreign Currency {FARO-9}

This option allows the user to clear debtor account balance where balances reflects in local currency even though the debtor balance in the debtors currency reflects a zero balance.

On execution of this option, the system will firstly control that a TT is linked to the event F1 and F2. Further that a profit/loss GLA is correctly specified, i.e. that event F1 has a debit GLA in respect of the profit / loss and event F2 has a credit GLA. If either event has a GLA missing, the program will display an appropriate message and abort.
The system will then control that the AR subsystem is in the 12 cycle in {FCSM-2}. If the AR cycle is not equal to 12, the program will display an appropriate message and abort.
The program recalculates the given currency balance on a debtors account using the rate at the indicated date and then compares the local currency balance to the calculated balance. If a difference exists a transaction is inserted for the difference into the debtor’s account.

User Selection	Prompt Text ^{* an item between square brackets [ ] is the default answer}	Type & Length	Comments
	Foreign Currency Rate On Which Date?	DD-MON-YYYY
	Enter Foreign currency Or All [ALL]	A3
	Enter The Start Debtor Or ALL [ALL]	N9
	Enter The Start Account Type Or ALL [ALL]	A4
	Run Program in (T)rial Or (F)inal [T]	A1

Sort Order	Per	Comments

System Select
	No special system selection.

Example:

Processing Rules
	No special processing rules.

Date	System Version	By Whom	Job	Description
29-May-2008	v01.0.0.0	Charlene van der Schyff	t145484	New manual format.
30-Jun-2009	v01.0.0.1	Charlene van der Schyff	t158351	Edit language obtained from proof read language Juliet Gillies. Inserted image.