SAP Foreign Currency Revaluation: FAS 52 and GAAP Requirements [Hardcover]

Susanne Finke (Author)

Book Description

ISBN-10: 0471787604 | ISBN-13: 978-0471787600 | Publication Date: April 7, 2006 | Edition: 1

"SAP Foreign Currency Revaluation-regulations, its impact, and what it takes to implement it in SAP-is a single handbook that simplifies a complex and daunting task of currency valuation for SAP and other ERP implementers. A must-read!"
-Kalpesh Khandhadia, SAP Consultant, Linksoft-IT Inc.

"Following the process presented in this book, we eliminated the hours we spent each month manually reviewing and adjusting our global currency financial statements. Thank you Susanne Finke, for making this complicated topic understandable!"
-Ron Roberts, Process Lead, Financial Systems, Hollister Inc.

"It's great to see all the foreign currency information captured in one place and spelled out so clearly. Great job!"
-Nadean L. Moore, SAP FI Consultant, Moore Consulting

"This SAP Foreign Currency Revaluation book . . . covers the necessary SAP tables and transactions for revaluation and provides excellent examples of the SAP entries. A well-written book."
-Dave Paz, SAP Consultant, DLP Consulting LLC

With essential information on the proper rules and regulations needed to comply with FAS 52, SAP Foreign Currency Revaluation: FAS 52 and GAAP Requirements is a valuable reference for controllers, CFOs, IT and accounting managers, and SAP consultants who are involved in FAS 52 compliance projects, regardless of whether their companies are using SAP, Oracle, PeopleSoft, or proprietary software.

Its detailed coverage of statutory requirements, business execution of currency revaluation in SAP, and SAP configuration walks readers through:
* The U.S. accounting statutory requirements, net income, organizational, and financial consolidation impacts
* An overview of currency revaluation with discussion of stock transfer and tax implications
* FAS 52 requirements for currency exchange rates and translation
* Corporate standards for G/L indicators that are impacted by currency revaluation
* Three methods available to execute currency revaluation and their differences
* One of the newer ways the SAP R/3 software provides users to execute currency revaluation
* The SAP configuration to implement currency revaluation
* Setting up custom variants to view the critical fields used in the currency revaluation

Editorial Reviews

From the Back Cover

"SAP Foreign Currency Revaluation—regulations, its impact, and what it takes to implement it in SAP—is a single handbook that simplifies a complex and daunting task of currency valuation for SAP and other ERP implementers. A must-read!"
—Kalpesh Khandhadia, SAP Consultant, Linksoft-IT Inc.

"Following the process presented in this book, we eliminated the hours we spent each month manually reviewing and adjusting our global currency financial statements. Thank you Susanne Finke, for making this complicated topic understandable!"
—Ron Roberts, Process Lead, Financial Systems, Hollister Inc.

"It's great to see all the foreign currency information captured in one place and spelled out so clearly. Great job!"
—Nadean L. Moore, SAP FI Consultant, Moore Consulting

"This SAP Foreign Currency Revaluation book . . . covers the necessary SAP tables and transactions for revaluation and provides excellent examples of the SAP entries. A well-written book."
—Dave Paz, SAP Consultant, DLP Consulting LLC

With essential information on the proper rules and regulations needed to comply with FAS 52, SAP Foreign Currency Revaluation: FAS 52 and GAAP Requirements is a valuable reference for controllers, CFOs, IT and accounting managers, and SAP consultants who are involved in FAS 52 compliance projects, regardless of whether their companies are using SAP, Oracle, PeopleSoft, or proprietary software.

Its detailed coverage of statutory requirements, business execution of currency revaluation in SAP, and SAP configuration walks readers through:

• The U.S. accounting statutory requirements, net income, organizational, and financial consolidation impacts
• An overview of currency revaluation with discussion of stock transfer and tax implications
• FAS 52 requirements for currency exchange rates and translation
• Corporate standards for G/L indicators that are impacted by currency revaluation
• Three methods available to execute currency revaluation and their differences
• One of the newer ways the SAP R/3 software provides users to execute currency revaluation
• The SAP configuration to implement currency revaluation
• Setting up custom variants to view the critical fields used in the currency revaluation

About the Author

Susanne Finke has over twenty-three years of business experience and over twelve years of SAP experience in all aspects of finance, controlling (internal financial management), treasury, and fixed assets. She has been an SAP consultant for nine years, including three years with PricewaterhouseCoopers. She is certified by SAP in the SAP Finance Module. With clients including PricewaterhouseCoopers, eBay, Suncor, Tyco, SunAmerica, Kellogg, Hollister, Zurich Energy, and British Petroleum (BP), she has vast experience to prepare companies in complying with FAS 52.

Product Details

• Hardcover: 216 pages
• Publisher: Wiley; 1 edition (April 7, 2006)
• Language: English
• ISBN-10: 0471787604
• ISBN-13: 978-0471787600
• Product Dimensions: 10 x 7.3 x 0.8 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 3.3 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #1,430,445 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

5.0 out of 5 stars Useful and applicable Information, September 5, 2008

By 

Kiely Lemmer "IT Fun" (Beaverton, MI United States) - See all my reviews
(REAL NAME)   

This review is from: SAP Foreign Currency Revaluation: FAS 52 and GAAP Requirements (Hardcover)

The information throughout this book can be extremely useful to many people and in many different ways. This book takes a complex regulation and clarifies it in an organized layout. The book dives into SAP revaluation functionality and the technical set up is explained in detail. At times resources don't know if their company is in complete compliance. However with a better understanding of the requirements, and SAP postings made during revaluation (depending on the method being used), can highlight potential issues or concerns and assist with making appropriate changes as needed.

4 of 6 people found the following review helpful:

2.0 out of 5 stars Not a good source of information on FAS 52, July 17, 2006

By 

C. Miller (Wilmington, Delaware) - See all my reviews
(REAL NAME)   

This review is from: SAP Foreign Currency Revaluation: FAS 52 and GAAP Requirements (Hardcover)

The following statement from the editorial review is completely misleading.

"With essential information on the proper rules and regulations needed to comply with FAS 52, SAP Foreign Currency Revaluation: FAS 52 and GAAP Requirements is a valuable reference for controllers, CFOs, IT and accounting managers, and SAP consultants who are involved in FAS 52 compliance projects, regardless of whether their companies are using SAP, Oracle, PeopleSoft, or proprietary software."

There is nothing in this book of value to a CFO, IT or Accounting manager. Only 4 pages in the entire book discussing the implications of FAS 52.

3.0 out of 5 stars SAP FX Revaluation, April 22, 2010

By 

Thomas Brady "Basically Uninterested" (Connecticut, USA) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: SAP Foreign Currency Revaluation: FAS 52 and GAAP Requirements (Hardcover)

I'm not finished with the book, but it is an okay reference manual. It does tend to repeat quite a bit, but that is unavoidable regarding the subject matter. I hope the book will explain how to clear some items that are posted in SAP erroneously, so if the book does not do that then reduce my score by a half-star.