FIFO conversion rates
This parameter must be set to Yes at the company level to use the FIFO rate calcuation (GESFIFCV) for bank accounts (GESBAN) or petty cash (GESCAI) if the account currency is different from the main ledger or entry journal currency.
Level of localization/Global variable
This parameter is defined at the level Company. It belongs to Chapter CPT (Accounting) and the Group CLO (Closing operations), The following parameters are also associated with this chapter and group :
- AUTREVIMP (Automatic reversal of impairment)
- BDTDR (Bad debt date filter rules)
- BDTMGT (Bad debt management rules)
- CNVTYPACC (Currency variance doc type)
- CTLCLOPER (Period closing balance ctrl.)
- GAUBDTDOU (Bad debts - Doubtful debts)
- GAUBDTDWO (Bad debts - Write-off)
- GAUBDTIPR (Bad debts - Impairment)
- GAUCCA (Expense accruals journal)
- GAUCNV (Conversion variance journal)
- GAUFIFRC (FIFO conversion rates journal)
- GAUPCA (Revenue accruals journal)
- SVCCLOPER (Period closing accruals ctrl.)
- TYPGNRSVC (Accrual generation type)
- VCRTYPSVC (Accruals entry type)
No global variable is associated with it.
Functions concerned
The following functions are associated with this parameter :
Financials > Closing processes > FIFO rate calculation
Activity codes
The following activity codes (sorted by type) are associated with the parameter :
FIFRC :
FIFO rate calculation