What is foreign exchange position posting in SAP FS-AM-IM - Item Management?

SAP Term: foreign exchange position posting

• Component: FS-AM-IM

• Component Name: Item Management

• Description: An offsetting entry for a posting in the currency exchange process. The system executes two postings of a foreign exchange position for every posting that has a currency exchange: A posting in transaction currency on the foreign exchange position account of the transaction currency. A posting in account currency on the foreign exchange position account of the account currency.

Smart SAP Assistant

• Key Concepts: 
  Foreign exchange position posting is a feature of SAP's Financial Services Asset Management (FS-AM) Item Management component. It allows users to post foreign exchange positions in the system, which can then be used to calculate the value of a company's assets and liabilities in different currencies. 
  
  How to use it: 
  To use foreign exchange position posting, users must first set up the relevant parameters in the system. This includes setting up the currencies that will be used for the postings, as well as any exchange rates that may be applicable. Once these parameters have been set up, users can then post foreign exchange positions in the system. 
  
  Tips & Tricks: 
  When setting up foreign exchange position postings, it is important to ensure that all relevant parameters are set up correctly. This includes ensuring that all currencies and exchange rates are accurate and up-to-date. Additionally, it is important to ensure that all postings are made in the correct currency, as this can have an impact on the accuracy of the calculations. 
  
  Related Information: 
  For more information on foreign exchange position postings, users can refer to SAP's documentation on FS-AM Item Management. Additionally, users can also refer to other resources such as online tutorials and forums for further guidance on how to use this feature.