Job Requirements for MORMOT Project

Cost Center , Profit Center , Internal Orders.

Integrated Excel Planning .
Statistical Key figures.
Plan/Actual Assessments and Distributions
BI Interface with CO Module
Nice to have
NEW GL and Document splitting
Transfer pricing
Bank Interfaces - Lockbox, Positive pay and EDI payments. Electronic Bank
statement.
Tax interface with Vertex ( US and Canadian VAT)
Writing test Scenarios and Unit testing.
Inter-company Stock transfer .
Currency revaluation.

This a mid-size implementation with a considerable scope and condensed timeline. We

are looking for a heavy hitter who can run with the blueprint document and setup the
CO modules mentioned above.
As this is a aggressive timeline, the resource should be willing to share some
responsibilities from the " Nice to have" Where the Onsite resources is falling short of
time/resources.

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1. Define Valuation Method : (OB59)

SAP uses exchange rate type M to value all foreign currency item. M is the average rate
of any foreign currency.
In this step you define your valuation method for the open items. With the valuation
method you group specifications together which you need for the balance and individual
valuation before every valuation run you specify the required valuation method.
Sap Provide various Valuation method you can create your own key starting with Z
Path :

Click on new Entries

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Exchange rate type B is Bank Selling and exchange rate G is bank Buying

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Optimal Solutions Integration

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let us configure another valuation method for bank balance

Click on new entries

Click on save button.

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2. Prepare Automatic postings for foreign currency valuation. (OBA1)

Exchange rate difference in foreign currency balance e.g. bank account held in foreign
currency.

Double click on KDB

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Click on back button

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Double click on KDF

Here you will enter the GL code for account received and account payable ( the
reconciliation Account) you can enter different GL codes for each currency code and
currency type alternatively if you do not want different GL Codes for each currency you
can keep them blank.

Here G L Code !60000 is for Account Payable

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Click on back button

Click on save button

Ob08 setting

Click on save button

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FB60 POSTING

Click on save button

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Foreign Currency Valuation (New)

FAGL_FC_VAL

Purpose
At month end you have to carry out a foreign currency valuation. this process valuates all transactions
posted in foreign currency to perform the valuation you should enter an exchange rate for the end of the
month.
This valuation covers the follows accounts and items.
1. Foreign currency balance sheet account
2. Open item posted in foreign currency (vendor and customers)
You have the following option for the foreign currency valuation.
a) You can carry out the valuation in local currency (company code currency)
b) You can valuate in parallel currency (for example, lowest value principle)
The posting of valuation is done by a batch input session it is recommended that you run each valuation
separately for e.g. you will create a separate batch input for customer open items, then another one for
vendor and another one is GL

Trigger
At every month end closing (where balance sheet and profit & loss account is reported monthly ) you
need to perform a foreign currency valuation for GL , customer and vendor open item.
Prerequisites
GL, Customer and vendor master the accounting transaction posted in foreign currency (different than
company code currency)configuration done for foreign currency valuation.
Menu Path
SAP Easy Access Accounting Financial Accounting Periodic processing Closing Valuate
FAGL_FC_VAL Foreign Currency Valuation (New)
Helpful Hints

Press F1 for help

Press F4 for getting input values

R Required

O Optional

C Conditional

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Initial screen.

Click on open item

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Optimal Solutions Integration

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Sm35

Click on

Click on

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Press enter button

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Optimal Solutions Integration

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Foreign revolution second part

Purpose
This wiki provides a demonstration of valuation of Open Items In Foreign
Currencies
Overview
From the help.sap.com documentation the following is stated
Valuation of Open Items in Foreign Currencies.
Use
All open items in foreign currency are valuated as part of the foreign
currency valuation:

The individual open items of an account in foreign currency form the basis of
the valuation, that is, every open item of an account in foreign currency is valuated
individually.

Example of open items are customers, Vendors, or GL accounts

managed on open item basis (SKB1-XOPVW = X)

The total difference from all the open items in an account is posted to a
financial statement adjustment account. The account therefore retains its original
balance.
The exchange rate profit or loss from the valuation is posted to a separate
expense or revenue account for exchange rate differences as an offsetting posting.
A valuation cannot be made by posting to the payables/receivalbes account,
since reconcilation accounts cannot be directly posted to.

For this reason the amount is posted to an adjustment account, which

appears in the same line of the balance sheet as the reconcilation account
Step 1 - General customizing
Local currency of company EUR Implementation Guide: Financial accounting (New) -> Financial accounting
global settings (New) -> global Parameters for company code - Transaction
code OBY6
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Exchange rate 1 USD = 1,7 EUR

Implementation Guide: SAP NetWeaver -> General settings -> Currencies
(check all settings) -> Enter Exchange rates (Transaction code OB08)

Step 2 - Create Invoice

SAP Easy Access -> Accounting -> Financial accounting -> Accounts payable
-> Document entry -> FB60 Invoice
Post document
Display document posted via FB03

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Change in exchange rate occurs 1 USD now equals 1,63 EUR

SAP Easy Access Screen choose -> Accounting -> Financial Accounting ->
Accounts Payable -> Accounting -> FBL1N -Display/Change Line items

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Step 3 - Review of Foreign Currency Valuation customizing

Prior to performing a foreign currency valuation review of customizing:
Implementation Guide:Finanical Accounting (New) -> General Ledger
Accounting (New) -> Periodic Processing -> Valuate

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Define Valuation Methods

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Define valuation Areas

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Define Accounting Principles

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Check Assignment of Accounting princples to ledger Group

*required if you have more than one ledger

Perpare Automatic Postings for Foreign Currency Valuation

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Select Transaction KDF, enter Chart of Accounts

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The Target Accounts for KDB/KDF can also be defined per valuation area

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Account Determination per Valuation Area

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Step 4 - Perform Foreign Currency Valuation

To perform a foreign currency valuation, from the SAP Easy Access Screen,
choose Accounting -> Financial Accounting ->
General ledger/Accounts Receivable/Accounts Payalbe -> Periodic processing
-> Closing -> Valuate -> Foreign Currency Valuation (New)
Transaction FAGL_FC_VAL (Program FAGL_FC_VALUATION)

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Execute

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Click on Postings button

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To create valuation documents create postings must be ticked on, if you

execute without create postings ticked, this means that program is run in
test mode.

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If there are errors when posting, a batch input session is created (transaction
SM35)

Update run is saved in table FAGL_BSBW_HISTRY

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