Customer Reviews

SAP Foreign Currency Revaluation: FAS 52 and GAAP Requirements

5 star:		(1)
4 star:		(0)
3 star:		(1)
2 star:		(1)
1 star:		(0)

 

 

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.

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.

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.