What is non-monetary currency position balance sheet (IAS 21) in SAP FS-BA-PM-AFP - Accounting for Financial Products?

SAP Term: non-monetary currency position balance sheet (IAS 21)

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: An anonymous foreign currency position that is generated by the "move" step in multicurrency accounting as part of the investment in non-monetary financial instruments according to IAS 21. Example: Purchase of an available for sale AfS share.

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• Key Concepts: 
  Non-monetary currency position balance sheet (IAS 21) is a component of the SAP Financial Services – Bank Accounting – Portfolio Management – Accounting for Financial Products module. It is an International Accounting Standard (IAS) that requires companies to report their non-monetary assets and liabilities in terms of their current market value. This means that companies must report the current market value of their non-monetary assets and liabilities, such as stocks, bonds, and other investments, on their balance sheet. 
  
  How to use it: 
  The non-monetary currency position balance sheet (IAS 21) component of the SAP Financial Services – Bank Accounting – Portfolio Management – Accounting for Financial Products module allows companies to accurately report their non-monetary assets and liabilities in terms of their current market value. This ensures that companies are able to accurately report the current market value of their non-monetary assets and liabilities on their balance sheet. 
  
  Tips & Tricks: 
  When using the non-monetary currency position balance sheet (IAS 21) component of the SAP Financial Services – Bank Accounting – Portfolio Management – Accounting for Financial Products module, it is important to ensure that all non-monetary assets and liabilities are accurately reported in terms of their current market value. This will ensure that companies are able to accurately report the current market value of their non-monetary assets and liabilities on their balance sheet. 
  
  Related Information: 
  For more information about the non-monetary currency position balance sheet (IAS 21) component of the SAP Financial Services – Bank Accounting – Portfolio Management – Accounting for Financial Products module, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information about this component and how it can be used to accurately report the current market value of a company’s non-monetary assets and liabilities on its balance sheet.