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I have multicurrency setup and want to ensure that it will compute foreign currency gains and losses in accordance with FAS 52

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Posted on by Wayne Eichler

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I have setup multicurrency and want to ensure my revaluation is done correctly. Has anyone gone through the trials and tribulations of this module. The exchange table, the rate type and the accounts to be revalued are checked and setup. Does anyone have a guide to ensure my settings will comply with FAS 52?

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Re: I have multicurrency setup and want to ensure that it will compute foreign currency gains and losses in accordance with FAS 52

Hi Wayne,

Its hard to know without looking at your system. GP will comply with FAS 52. The revaluation process is fairly straightforward - are you having any specific issues with revaluation, or are you just making sure that your set up is correct?

PM me if you want to take it off line.

Ian.

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