A currency translation method, according to which balance sheet items are translated using the exchange rates that correspond to their valuation base in local currency:
Historical rates for acquisition and production costs Current rate for daily values (including receivables and payables)The temporal method applies the "single legal entity" theory to currency translation. It assumes that the consolidation group represents a single economic unit, and that its companies post data and prepare balances in the currency of the parent, regardless of their country of operation.
Currency translation must not affect the valuation base of the balance sheet items or the temporal consideration of revenue and expense. It entails changing the unit of measure, but not the bases of valuation and the preparation of balance sheets.
More terms such as temporal method of currency translation (FI-LC) in Dictionary T.
- Manual Transaction Type (FIN-FSCM-TRM-TM):
- Help The determination of how a product type can be traded such as purchase or sale. The transaction type also controls the activities in the transaction and position management process temporal method of currency translation (fi-lc) definition.
- Manual Title Area:
- Help enterprise portal that does not change when the user navigates from one page to another. It contains the header area with the company logo, the quick search box, and the top-level navigation temporal method of currency translation (fi-lc) explain.
- Manual Text To Speech:
- Help Speech generated by a computer from text temporal method of currency translation (fi-lc) what is.
- Manual Technical Integration Model:
- Help describes the modeling entities of SAP Business One integration for SAP NetWeaver. This model consists of BizAtoms, BizFlows, IPO steps, and SAP Business One integration for the SAP Business One temporal method of currency translation (fi-lc) meaning.
- Manual Text Management:
- Help changing and storage of texts. Text management consists of: Text determination Text access Text control Texts are entered in the following way: In external systems (such as CRM) that send them temporal method of currency translation (fi-lc) abbreviation.
