Financial - JDE1 (MOSC)

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We have certain JE scenario in case of loans to accommodate in JDE

edited Mar 21, 2018 5:12AM in Financial - JDE1 (MOSC) 2 commentsAnswered

We often have loans and deposits in foreign currency, base currency is SEK. When we set up a new EUR-loan, our external tool will generate a journal entry in EUR (bank / loan)

When we repay the loan, our external tool will at this stage create a journal entry mixing both EUR and SEK. The same journal entry will also have different EUR-rates. See below.

Line 1) Credit bank, FX-rate = rate at maturity i.e. repayment. Booked in EUR

Line 2) Debit loans, FX-rate = rate at loan start. Booked in EUR

Line 3) Debit or Credit, the variance between the FX-rates at start and maturity creates the FX-gain/loss. Booked in SEK.

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