Revaluation 

Use

If you are dealing with a grantor whose currency is different than the one your company uses and if the currency rate changes, you may need to run this program to adjust the commitments/actuals and budgets to reflect the new rate.

Prerequisites

·        You have carried out the configuration work described in GM Master Data Customizing: Revaluation.

·        The new currency rate is maintained in Financial Accounting (FI).

Procedure

...

       1.      In the Grants Management (GM) section of the Easy Access menu, choose Grantee Management ® Grants Management-Specific Postings ® Currency Revaluation ®Revaluation of Currency in Grants Management.

       2.      In the resulting selection screen, enter the following:

¡        Company code (required entry)

¡        Sponsor(s)

¡        Grant(s)

¡        Grant external reference(s)

¡        Grant internal reference(s)

¡        Posting date

¡        Grant currency (required entry)

¡        Exchange rate date

¡        New exchange rate

This should be the one in FI.

¡        Check the Test Run box if you want to test your entries before running the program live.

       3.      When you have made all your entries, choose Execute.

 

Result

The program makes the actual and commitment postings required. It also makes any necessary changes to your budget in Funds Management (FM).