Revaluation for FC

Gain and loss for each item after revaluation based on the exchange rate at the time of entry and at the time of revaluation (usually the end of the month) can be confirmed. Revaluation for multi-currency and multi-rate can be processed at the same time. In addition, the revaluation accomodates two revaluation methods, lowest cost accounting by moving-average method (calculation by account) and the reversing method (period calculation).
Execution of revaluation process for FC produces an FC revaluation voucher for one exchange conversion A/C as of the end of the execution term by auto-journal. This FC revaluation voucher enters exchange gain and loss based on the data up to the end of the execution term for the designated currency and the data level.
For the exchange conversion A/C with the A/C type of "asset" , the negative exchange difference is entered in Dr of the exchange loss A/C. The positive exchange difference is entered in Cr of the exchange gain A/C.

For the exchange conversion A/C with the A/C type of " liability" or " asset" , the positive exchange difference is entered in Dr of the exchange loss A/C. The negative exchange difference is entered in Cr of the exchange gain A/C. The FC revaluation voucher can be searched and confirmed in [Journal data search]. Items with "update balance" unchecked in [Register A/C property] are not summarized.

Data for revaluation for FC by moving-average method include A/Cs with "revaluation item" checked in [Register A/C and sub A/C". Those that are set up as "Exchange loss A/C" or "Exchange gain A/C" in [Parameter setup] are used for exchange gain and loss A/Cs.
Data for revaluation for FC by the reversing method included A/Cs with "revaluation item" and "eversing item" checked in [Register A/C and sub A/C]. Those that are set up as "unrealized exchange loss A/C" or " unrealized exchange gain A/C" in [Parameter setup] are used for exchange gain and loss A/Cs.
For the exchange conversion A/C that has been revaluated by the reversing method, a reverse voucher of the FC revaluation voucher is created with the voucher date of the following day (the first day of the following month) of the FC revaluation voucher entry date (end of the month).
→To Operation Procedure

Screen Transition

[Multi-Currency Accounting Module]
  ↓
[Update]
  ↓
[Revaluation for FC]
  ↓
[Revaluation for FC] screen

Item Setup

[Header]

• Execution term
  Enter the term in which revaluation is executed.
  
• Data level
  Set up the data level for summary items.

[Exchange Gain and Loss A/C]

[Display/non-display and required entry/voluntary entry of each item in the [Exchange gain and loss A/C] follow the setup of each exchange gain and loss A/C in [Register A/C property].

• Department
  Enter the department of exchange gain and loss.
  
• Correspondent
  Enter the correspondent of exchange gain and loss.
  
• D description
  Set up the D description of exchange gain and loss. Comments can also be entered.
  
• Project code 1, 2
  Set up the project code of exchange gain and loss.
  
• Accounting anlys code 1, 2
  Set up the accounting anlys code of exchange gain and loss.

[Currency Spread] (in the middle of the screen)

• Currency
  Select the currency. Those other than the std currency can also be selected.
  
• Rate type
  Select the rate type.
  
• Conversion date
  Set up the conversion date. The end of the execution term is initially displayed.
  
• TTB, TTS, TTM etc.
  Enter the exchange rate such as TTS, TTB and TTM. The exchange rate in accordance with the "conversion date" is initially displayed.
  If the width of the row to enter the exchange rate spread is too narrow, the rate may not be entered properly. In this case, enter the rate after widening the width by dragging the border of the row in the spread section.

[Conversion A/C Spread] (lower part of the screen)

Of the A/Cs with "revaluation item" checked in [Register A/C and sub A/C], A/Cs for which [Register A/C property] has not been completed will not be displayed.

• A/C code, name 1, 2
  The code and the name of the A/C with "revaluation item" checked in [Register A/C and sub A/C] are displayed.
  
• Sub A/C, name 1, 2
  The code and the name of the sub A/C with "revaluation item" checked in [Register A/C and sub A/C] are displayed.
  
• Internal No.
  The internal No. is displayed.
  
• Prefix No.
  The prefix No. of the exchange conversion voucher is displayed/entered.
  
• Numbering
  The numbering of the exchange conversion voucher is displayed/entered.
  
• Voucher No.
  The voucher No. is entered/displayed.
  
• Department code, name 1, 2
  Enter the department code. It can only be entered when "entry" is "required" and "update balance" is unchecked in [Register A/C property] of the exchange conversion A/C. The field will be displayed in yellow and cannot be entered when other combinations are set up in [Register A/C property].
  
• Correspondent code, name 1, 2
  Enter the correspondent code. It can only be entered when "entry" is "required" and "update balance" is unchecked in [Register A/C property] of the exchange conversion A/C. The field will be displayed in yellow and cannot be entered when other combinations are set up in [Register A/C property].
  
• D description code, name 1, 2
  Enter the D description code. Comments can also be entered. It can only be entered when "entry" is "required" and "update balance" is unchecked in [Register A/C property] of the exchange conversion A/C. The field will be displayed in yellow and cannot be entered when other combinations are set up in [Register A/C property].
  
• Project code, name 1, 2
  Enter the project code. It can only be entered when "entry" is "required" and "update balance" is unchecked in [Register A/C property] of the exchange conversion A/C. The field will be displayed in yellow and cannot be entered when other combinations are set up in [Register A/C property].
  
• Accounting anlys code, name 1, 2
  Enter the accounting anlys code. It can only be entered when "entry" is "required" and "update balance" is unchecked in [Register A/C property] of the exchange conversion A/C. The field will be displayed in yellow and cannot be entered when other combinations are set up in [Register A/C property].

[Buttons]

• Name 1/2
  
• Clear
  
• Start
  Execute the revaluation process for FC.
  The revaluation process for FC can be executed more than once within the month, and the automatically created FC revaluation voucher is entered as an approved data. If the revaluation process for FC is executed again within the month, the existing FC revaluation voucher will be deleted, and the new one will be created.
  If there is an unapproved voucher, the revaluation process for FC cannot be executed. In addition, if there is no unapproved voucher but there is a denied voucher, a warning message will be displayed.
  
• Exit