How to use FPW1 - Foreign Currency Valuation

SAP Transaction Code - Details

• Transaction Code: FPW1

  Description: Foreign Currency Valuation

  Release: S/4HANA and ECC 6

• • Program: SAPFK100

    Screen: 0

    Authorization Object:

  • Development Package: FKKB

    Package Description: Contract A/R & A/P: Central Objects

    Parent Package: FI-CA

  • Module/Component: FI-CA

    Description: Contract Accounts Receivable and Payable

Smart SAP Assistant

• SAP Tcode: FPW1 - Foreign Currency Valuation

  
  Overview:
  The SAP transaction code FPW1 is used to perform a foreign currency valuation. This transaction code is used to calculate the exchange rate differences between the local currency and the foreign currency. It also helps to identify any unrealized gains or losses due to exchange rate fluctuations. 
  
  Functionality: 
  The FPW1 transaction code allows users to view the current exchange rate for a foreign currency and compare it to the exchange rate at the time of the transaction. This helps users to identify any unrealized gains or losses due to exchange rate fluctuations. The transaction also allows users to view the current balance of a foreign currency account and adjust it accordingly. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code FPW1 in the command field. 
  2. Select the company code and fiscal year for which you want to perform the foreign currency valuation. 
  3. Select the foreign currency for which you want to view the exchange rate and current balance. 
  4. Enter the exchange rate for the selected foreign currency and click “Save”. 
  5. The system will display the current balance of the foreign currency account and any unrealized gains or losses due to exchange rate fluctuations. 
  6. Adjust the balance of the foreign currency account accordingly and click “Save” again. 
  7. The system will display a confirmation message that the foreign currency valuation has been completed successfully. 
  
  Other Recommendations: 
  It is recommended that users perform a foreign currency valuation on a regular basis in order to ensure that their accounts are up-to-date with current exchange rates and that any unrealized gains or losses are identified and accounted for accordingly.