SAP Foreign Currency Revaluation : FAS 52 and GAAP Requirements

This handbook simplifies the complex task of currency valuation in SAP and other ERP systems, making it essential for implementers. It effectively addresses the regulations and impacts of foreign currency revaluation, providing a comprehensive guide for professionals. Users have reported significant time savings by following the processes outlined, eliminating the need for extensive manual adjustments to global currency financial statements. The book consolidates foreign currency information clearly, making it accessible for various stakeholders. With a focus on compliance with FAS 52 and GAAP requirements, this resource is invaluable for controllers, CFOs, IT and accounting managers, and SAP consultants involved in compliance projects, regardless of the software used. It covers statutory requirements, the business execution of currency revaluation in SAP, and necessary configurations. Key topics include U.S. accounting requirements, impacts on net income and financial consolidation, currency revaluation overviews, FAS 52 currency exchange rate requirements, and corporate standards for G/L indicators affected by revaluation. Additionally, it details three methods for executing currency revaluation, highlights newer SAP R/3 software functionalities, and offers guidance on SAP configuration and custom variants for critical fields in currency revaluation.