In new General Ledger Accounting as well as SAP Accounting powered by SAP HANA, you need to specify a valuation area when posting a foreign currency valuation. These postings are then updated using a ledger group that, by its accounting principle, is assigned to the relevent valuation area.

The Valuation for Balance Sheet Preparation function (program SAPF100) is no longer supported in new General Ledger Accounting. This means that, during foreign currency valuation in new General Ledger Accounting, the system does not consider the valuation differences determined with this function. For this reason, you need to initialize the valuation differences in the open items before the migration to ensure that the results of foreign currency valuation are correct in new General Ledger Accounting.